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The Gunners lost Marcus McGuane to the Spanish giants during the January transfer window, with the English teenager leaving the Emirates Stadium to link up with Barcelona B.
According to Mundo Deportivo, Arsenal want to respond with a move for 15-year-old Moreno, who will see his contract with Barcelona expire at the end of the current season.
Moreno has scored 16 times for Barcelona’s youth team this season, and it is has been suggested that Manchester United and Manchester City are also keeping a close eye on developments surrounding the centre-forward.
Moreno will reportedly sit down with Barcelona in the near future to discuss his situation in Catalonia.