The Spanish club attempted to sign the former Lyon striker three years ago but the 29-year-old was persuaded to join the Gunners by Arsene Wenger instead.
Lacazette started his Arsenal career promisingly, but has largely played second fiddle to the prolific Pierre-Emerick Aubameyang who arrived just six months after the France international’s then club record transfer.
Atletico have kept tabs on Lacazette and, according to Marca, are ready to make a fresh move for a player who is likely to be sold by Arsenal this summer in a bid to fund their own summer spending spree.
The Gunners have already signed Willian on a free transfer from Chelsea and are closing in on the signing of Brazilian centre-half Gabriel from Lille.
Mikel Arteta remains keen to bolster his midfield, particularly in light of the complications surrounding a possible deal for Dani Ceballos, who spent last…