Arsenal have had to deal with speculation surrounding Torreira that suggests he is unhappy in London.
The Uruguayan was signed from Sampdoria 12 months ago and was rumoured to want a return to Italy.
But Arsenal are ready to hold talks with Torreira’s agent, Pablo Bentancur, to discuss a contract extension.
His contract runs out in 2023, but the player is seeking a pay rise and a prolonged contract, according to Italian football journalist Nicolo Schira.
Torreira was a standout performer in his first year at the Emirates following his £26m move.
His combative style was much sought after in a Gunners midfield that previously lacked enough aggression.
The 23-year-old though couldn’t help Arsenal achieve Champions League football or a top-four finish.
He is though highly thought of by Unai Emery and is seen as an integral part of the squad moving forward.
Torreira himself insists he is content in the English capital despite finding the initial transition though.
“Nobody from AC Milan has got in touch with me, today I’m in the Premier and happy to be part of the Arsenal,” he said.
“It cost me the adaptation, it’s not easy, but I only think about that team. I’m happy to be there.”
AC Milan are prepared to offer a cash-plus-player deal according to reports, with either Franck Kessie or Ricardo Rodriguez included.
Arsenal though are focused on who comes though the door in north London as opposed to who leaves.
Celtic full-back Kieran Tierney has been the subject of a bid by Arsenal, but the deal is not yet close.
The Scottish champions are looking to drive Tierney’s price as high as possible having been warned about keeping up with the rate of inflation.