Manchester United manager, Ole Gunnar Solskjaer, is understood to be looking at the Gabon striker as a potential replacement for Inter Milan-bound Romelu Lukaku.
Defeat to Chelsea in the Europa League final sparked speculations that Aubameyang, who netted 32 goals in all competitions last season, could be open to a move away.
However, the 30-year-old wants to continue emulating his boyhood hero, Thierry Henry, by wearing the no.14 shirt for the Gunners.
“I loved my time at Dortmund but when Arsenal called, I was really excited for the challenge.
“I’d always admired Arsenal because of the big history and players like Thierry Henry. He was always an example for strikers and because I am also fast and score goals, I always looked up to him.
“He’s the reason why I took the No 14 shirt. To be honest, when I arrived I actually wanted No.7, but Micki [Henryk Mkhitaryan] had already taken it.
“So I thought, ‘Why not follow in the footsteps of a legend?’ I’m just really proud to wear the 14 shirt and I hope to honour it,” he said.
Aubameyang was signed in January 2018 for a club-record £56million, eclipsing the £46.5m paid for his strike partner, Alexandre Lacazette, seven months earlier.