The Gunners striker has emerged as a target for Guangzhou Evergrande and Shanghai SIPG.
Both Chinese Super League sides are ready to offer him big money to move to the Far East.
The Times have suggested wages of £300,000-a-week would be tabled to Aubameyang.
But Arsenal have no intention of letting their £56m record signing leave ahead of the 2019/20 season.
Aubameyang remains a key part of Unai Emery’s plans following their Europa League heartache.
Despite the lack of Champions League football next term, Arsenal feel the player has shown no signs of wanting to force an exit, according to the London Evening Standard.
He turns 30 later this month, however, Aubameyang did finish his first full season in the Premier League as joint-top scorer, so the club do not wish to sell.
There are further incentives for the Gabon international to stay in England’s capital too.
“Aubameyang is on £190,000-a-week with his contract expiring in 2021”
As part of his existing contract, it is said Aubameyang receives a £3.75m loyalty bonus for every season he completes at Arsenal.
The club subsequently feel that should help deter him from having his head turned by the salary on offer in China.
Even though Mesut Ozil earns more at the Emirates – a whopping £350,000-a-week – Arsenal have no intention of going that high again with any player, especially given the problems that pay rise has caused.
Aubameyang is on £190,000-a-week with his contract expiring in 2021.
He is still on the same deal he penned on arrival from Borussia Dortmund in January 2018.
But the London Evening Standard add plans are in place at Arsenal to offer him an extension.
That new deal would include an increase on his current pay, with the Gunners determined to resist any bids from interested clubs.