The Ukraine international is Mikel Arteta’s top target ahead of the January transfer window as the club look to bring in at least a wide-forward to continue their Premier League title challenge.
A £55m offer has already been rejected, with Shakhtar publicly saying they were looking for the kind of money that took Jack Grealish to Manchester City in 2021 in order to sell.
Mudryk himself hinted he would be open to a move to the Emirates Stadium by watching the Gunners in action against West Ham.
Joao Felix is another to have been linked with a move to the Premier League and Standard Sport understands Atletico Madrid would be open to his exit, though Arsenal’s interest in Mudryk dates back to the summer window.
The 21-year-old has scored ten goals while registering eight assists in 18 club appearances this season as talks between the two clubs continue.
In comments published on Shakhtar’s official website, Palkin said: “Negotiations are continuing. We receive offers, but they are not the ones we would like to see on our table.
“Now, literally in 5 minutes, I will have a phone conversation with Arsenal. We are open to negotiations, ready to exchange ideas and figures. If we will agree, then let it be so.
“If we will not, then let it be another time.”