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Last summer, Arsenal shelled out over £50m to sign Lacazette from Lyon and the attacker went on to contribute 17 goals from 36 matches in the Premier League and Europa League.
However, according to Fotomac, the Gunners are considering whether to sell the France international with Fenerbahce said to hold an interest.
The report suggests that new Arsenal boss Unai Emery‘s opinion of the striker is mixed and that the Spaniard would entertain parting ways with the 27-year-old for the right price.
Lacazette – who still has four years left on his contract – faces a battle for a first-team role at the Emirates Stadium due to the form of Pierre-Emerick Aubameyang.