BILD says Arsenal are intensifying their pursuit of Larsson, who has a deal to 2028.
Eintracht Frankfurt face being forced to sell major players this summer if they fail to qualify for Europe.
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However, for the Gunners, landing the talented 19-year-old midfielder will not be easy.
The Frankfurt club have set a price of 80m for the gem, who in July of last year cost only 9m.