Emery is keen on Dembele as he looks to get Arsenal back into the Champions League.
With a budget of just £50 million to play this summer, new Arsenal manager Unai Emery is going to have to be very shrewd in the transfer window.More news: HTC Just Revealed U12 Plus Early: Here's All the Specs
BetStars Director of Trading Ian Marmion explained: "Sevilla's Steven N'Zonzi has always been linked with a return to the Premier League and the appointment of Unai Emery at Arsenal has sparked fresh speculation that the French midfielder could link up with his former manager at the Emirates this summer".More news: Tesla agrees to settle class action over Autopilot billed as 'safer'
"Manchester United and Chelsea remain the clear market outsiders at 8/1 and 10/1 respectively for the former Stoke man".
He won the Serie A titles in each of his seven seasons at the club, as well as four Italian Cups, and is expected to captain Switzerland at next month's World Cup in Russian Federation.More news: Monaco Grand Prix: Daniel Ricciardo tops second practice as Red Bulls dominate
Lichtsteiner, who joined Juventus from Lazio in 2011, was recently linked with Borussia Dortmund after confirming he would exit the Serie A club.