The Gunners are rumoured to be ready to activate the 21-year-old's release clause, which is said to be valued at €37 million.
Who is Cristian Pavon?
Yet even if Arsenal do activate Pavon's release clause, the Argentina global is concerned a move may hinder his Federation Internationale de Football Association 2018 World Cup hopes and would need assurances from coach Jorge Sampaoli, per The Independent's Ed Malyon.
Arsenal fans have with mixed views to the news that Wenger is close to paying the £27m release clause for Argentinian winger Cristian Pavon.
Pavon's agent, Fernando Hidalgo, also weighed in on the speculation, telling ¿Cómo te va?: "I don't know where the news originally came from, but I received a call two days ago from an English agent to see if there was a possibility of the player moving as Arsenal are looking at him".
"For the moment, we have not received any proposal, formally or informally", he said, speaking following the presentation of new signing Carlos Tevez.
"But I know very well what I said to Cristian when we renewed his contract".
Angelici remains calm over fears that Pavon could leave this month. I am not going to cut off his career, but we made him a nice contract so that he would be comfortable.
Pavon has been with Boca Juniors since joining the club in 2014 and has been impressing this season with 3 goals and 6 assists in his 12 appearances while he's also broken in to the Argentinean national team squad.
According to the same article, the Gunners will meet Pavon's contract release clause to ensure a deal is wrapped up without any complications.
Meanwhile, Arsenal remain interested in West Brom's Jonny Evans and have made an offer including Mathieu Debuchy, per David Woods at the Daily Star.