Mario Gotze
Mario Gotze has one year left on his Bayern Munich contractGetty

Arsenal are considering an approach in signing Germany's World Cup winner Mario Gotze in the summer transfer window. The midfielder is with Bayern Munich and his contract at the Allianz Arena is set to expire in 2017.

According to The Sun, the Gunners have long been interested in securing the services of Borussia Dortmund star Henrikh Mkhitaryan. However, the Armenian international's agent confirmed his client has set his sights on joining Arsenal's arch-rivals, Manchester United.

Arsene Wenger has been forced to look elsewhere in the transfer market and the Frenchman has now set his sights on Gotze. The north London club are not the only club keen on landing the German midfielder.

The 24-year-old has played under Liverpool manager Jurgen Klopp when the two were at Borussia Dortmund. The Reds boss is keen on reuniting with his former player at Anfield and have long been chasing the player's signature.

Bayern's new manager Carlo Ancelotti confirmed that he held talks with the midfielder, but refused to state whether Gotze will be included in his plans for the 2016/17 season. The former Dortmund man struggled to break into the Bundesliga winners' first team as he made only 11 starts in the league in the last campaign.

Meanwhile, Arsenal are aware of the Merseyside club's interest in Gotze. However, the Gunners are lining up a £27m ($38.3m) bid and are leading the chase for the Bayern midfielder's signature, who earns £110,000-a-week ($155,859).

Wenger already has the services of Gotze's compatriot Mesut Ozil in Arsenal's attack. The Frenchman wants to bring in the German player to the Emirates and play him alongside the former Real Madrid star to strengthen his squad.

Arsenal have already signed Granit Xhaka as the Swiss midfielder arrived at the Emirates from Borussia Monchengladbach. The Gunners boss has set his sights on winning the title in the 2016/17 season and is willing to splash the cash in making quality additions.

Gotze is currently with the national team at the ongoing Euro 2016 in France. Germany kick started the tournament by registering a 2-0 victory over Ukraine.