According to various reports in Italy, Genoa are keen to sign Sokratis this month.
The Greece international, 32, spent two seasons with the Serie A side between 2008-10 and is being eyed as an alternative to Denis Vavro whose move from Lazio has collapsed due to injury concerns.
Arsenal aren’t likely to stand in the way of either a loan or a permanent move with the player out of favour and soon to be out of contract.
Napoli had planned to sign Sokratis as a replacement for Kalidou Koulibaly in the summer but left the Greek in the lurch when the Senegalese decided to stay put.
To rub salt in the veteran defender’s wounds, Mikel Arteta opted not to select him for his Premier League and Europa League squads.