The 24-year-old has played a key for Mikel Arteta this season as they seek to add a first ever Champions League to their trophy cabinet.
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It’s widely expected that Arsenal will pay the £52 million option to buy included in their loan deal with Bayer Leverkusen.
According to the Daily Mail, that hasn’t put Barcelona off, and the Spanish giants will still attempt to lure Hincapie to the club.
They acknowledge that it will be tricky, however, with the player happy in London and Arteta happy with him.