The Gunners wanted the Spaniard to replace Aaron Ramsdale last summer but a deal did not materialise. Espanyol refused to accept anything less than his release clause as they had no time to pursue a replacement.
It is now claimed that Arsenal are still in pole position to land the 23-year-old, who has played a big part in Espanyol's survival in La Liga. He has made a stunning 134 saves from 34 league appearances.
Espanyol are ready to sell the shot-stopper with their best wishes this summer. Arsenal previously agreed personal terms with Garcia and a move will be fairly straightforward when the window reopens.
The Spaniard has a release clause worth £21 million in his contract, but Arsenal remain optimistic of signing him for less. They were ready to pay around £17m last summer and could sign him for the same.