The 23-year-old, Pepe, has a contract with his French club until the end of the 2021-22 campaign, but speculation surrounding his future has gathered pace in recent weeks.
Bayern Munich, Manchester City and Manchester United have all been credited with an interest, but according to The Times, Arsenal are in the driving seat as they line up a January bid.
The report claims that Danny Welbeck’s long-term ankle injury will force the Gunners into the winter market, with versatile attacker Pepe.
The Ivory Coast winger has a clause in his contract allowing him to leave for around £45million – and while that is more than the Gunners are hoping to spend – Emery will try and convince the board that it’s money well spent with the player having already scored eight goals and laid on five assists in 13 Ligue 1 games this season.
Pepe has netted 22 times and registered 12 assists in his 52 appearances for Lille since moving to the Stade Pierre-Mauroy from Angers in June 2017.