Barcelona are willing to make a multi-player swap offer to Arsenal for captain Cesc Fabregas.
Barca have made a soft inquiry to Arsenal with a £25m fee mentioned for Fabregas, but the Spanish champions will have to significantly increase the bid, says the Daily Mail.
Guardiola is prepared to offer former Chelsea striker Eidur Gudjohnsen and Brazil defender Henrique in return, but Wenger is not thought to be keen on the pair.
Barca realise they may have to wait until next summer before finally getting their man.