The Gunners' search for a new leading marksman is well-documented, as both Gabriel Jesus and Eddie Nketiah have been unable to string consistent goalscoring runs together.
Jesus has not been helped by a series of knee injuries, and his fitness woes are believed to be a big factor in Arsenal's pursuit of a new big-name striker this summer.
Brentford's Ivan Toney was originally believed to have been Arsenal's prime target, and Bees boss Thomas Frank has conceded that the 27-year-old will most likely depart at the end of the campaign.
However, Arsenal have supposedly taken a step back from pursuing the former Newcastle United man in favour of younger targets, including Ferguson, who is eight years Toney's junior.
According to Football Insider, the North London giants are running the rule over the Seagulls' 19-year-old protege, although they will not bring him to the Emirates Stadium on the cheap.
Amid growing interest in his services, Brighton agreed a new deal with Ferguson's camp back in November, and the Republic of Ireland international will not become a free agent until 2029 under his current agreement.
Brighton are nevertheless braced for offers to arrive in the summer transfer window, but Roberto De Zerbi's side could supposedly demand a British-record fee to sell the teenager, surpassing the £105m that Arsenal paid for Declan Rice last summer.
Ferguson arrived at the Amex from Bohemians midway through the 2020-21 campaign and has registered the Seagulls' senior side on 61 occasions, recording 16 goals and six assists in the process.
A breakthrough 2022-23 season saw the 6ft
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