According to the Spanish outlet Deportivo Valenciano, Arsenal boss Arsene Wenger has set his sights on the Turkish international.
Wenger will be familiar with Ozyakup having signed him from the Dutch side AZ back in 2008. The talented midfielder captained the youth side and made his Arsenal debut in the League up back.
However, after failing to be given a change in the first team, Ozyakup the Gunners and joined Besiktas for just £350,000 in 2012.
This could prove to be a costly decision as the report states that the Gunners are readying a €20 million move for their former player.
Ozyakup scored 10 times and setup eight goals for the Super Lig champions in all competitions last season and was picked for the Turkish national team side going into Euro 2016.