The Gunners remain interested in the services of the Ecuadorian.
Arsenal are still very interested in signing Moises Caicedo and could push for his move once they complete the Declan Rice transfer, according to reports.
The Gunners are expected to announce the arrival of Rice from West Ham soon, and with Thomas Partey likely to leave, the general notion is to give Caicedo's pursuit another try.
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Rice is likely to feature more next season, and that means Partey will have limited time, which can push the Ghanaian star out of the club soon with clubs from within Europe and the Middle East showing interest. The Gunners are not going to let Partey leave on free and look to make a fee close to the £45 million they paid Atletico Madrid to acquire him.
If Arsenal can manage to sell some players at the right prices, they will push to sign Caicedo, who was their primary target in January. Their bid of £70 million was rejected, and it is understood that at this point in time, the Seagulls want nothing less than £100 million.
Chelsea have been recently linked with a move for Caicedo, but the Blues are said not to be ready to meet Brighton's demanded price. Chelsea hope to sign a midfielder who would come to replace N'Golo Kante, and the general concession is that the Ecuadorian is the right one.
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The coach's assertion comes after he was rumoured to be on his way out after the Brewers ended the season without a trophy.
Arsenal remain interested in the 21-year-old, but their pursuit will largely depend on the outgoings.