Despite captaining the Belgian side to their second successive Pro League title the 26-year-old plans to leave Constant Vanden Stock Stadium six years after his arrival from Independiente.
Biglia confirmed last month that the Premier League side as well as La Liga champions Real Madrid have been in contact with his agent with both clubs now set to fight it out for his signature.
Arsene Wenger and Jose Mourinho are well known admirers of the £8 million rated midfielder who stated that he will be allowed to leave Anderlecht should an acceptable offer be submitted by either club.
“Real Madrid and Arsenal have both been in contact,” The Sun.
“I am still under contract with Anderlecht until 2015 but they know that I plan to leave.
“If a club offers the right price, Anderlecht will let me go.”
Wenger’s pursuit if the six-cap Argentinian international will come as a surprise to supporters of the North London club who expected Renne enforcer Yann M’Vila would be pulling on an Arsenal shirt next season.
After completing a deal for Germany striker Lukas Podolski signing a combative anchor man is a priority for the Arsenal boss this summer and French international M’Vila has been constantly linked with a switch to the Emirates Stadium for over a year.
But it appears if any potential move to England for the talented 21-year-old has hit the buffers after Biglia’s admission that he’s held talks with the Gunners and appears to be top of their shopping list.
The Anderlecht skipper has also attracted interest from elsewhere in Europe with Serie A sides Napoli and Fiorentina reportedly tracking him although their chances of securing his signature are non-existent.