The midfielder is currently on loan at the San Siro from Dinamo Zagreb until the summer – when his move will be made permanent.
Arsenal have been tracking the Croatia international for over a year and have scouted him again this season.
And, according to Tuttosport, the Gunners can snap Brozovic up this summer if they stump up £15m.
Inter are willing to cash in on the 23-year-old as soon as his move is made permanent at the end of the season as they need the money to reinvest in the squad.
Manager Roberto Mancini reportedly wants to sell Brozovic to use the funds for Sampdoria’s Roberto Soriano and Besiktas’ Oguzhan Ozyakup.