The Gabon international has been a big success since signing for the Gunners from Borussia Dortmund but it remains to be seen how long he will stay at the Emirates Stadium for as interest from elsewhere starts to grow.
The striker is under contract until the summer of 2021 and quite understandably, the Gunners are keen to get him tied down to a new deal as soon as possible.
Talks over a new deal started in the summer but have since stalled following Arsenal's disappointing start to the new season.
It has been claimed Aubameyang is reluctant to sign for two reasons.
One he is not sure whether Arsenal will qualify for the Champions League this season and could push for a move if they fail to make the top four.
Secondly, he is well aware of Barcelona's interest in him and a switch to the Nou Camp would be easier if he is not tied down to a long-term deal.
Barca are not short of cash, but he will be much more affordable with just one year remaining on his deal.
The Catalan giants are on the look-out for at least one new forward as Luis Suarez is coming towards the end of his time with the club and this could be his last season with them.
Aubameyang has been identified as a possible replacement for the Uruguayan international and offer could be forthcoming.
Arsenal will of course fight to keep hold but could face a struggle in the striker continues to stall on penning a new deal.
The 30-year-old will be going nowhere in the January transfer window, but Arsenal's resolve could be tested at the end of the season if Barca make a big enough bid.