The 23-year-old Italy international is currently preparing for the World Cup, but reports have suggested he could soon be the subject of a £17m bid from the Gunners.
His agent Antonio Ottaiano claims Arsenal would be an attractive option for Insigne, although he will not discuss a possible move until a firm offer is made.
"We take into account the praising reports that Wenger has given about the
player," Ottaiano told www.tuttomercatoweb.com.
"We are honoured that a club like Arsenal could have Lorenzo on their wish list.
"However, from here to take it to the next level, that is a possible transfer, there is a huge mountain in between named Napoli.
"The (Naples) club consider him without a shadow of a doubt as one of their cardinal players for their ambitious project.
"Hence, as of today, I don't see that there can be any further developments unless Arsenal speak to Napoli directly and Napoli change their view on Lorenzo's role here."
Insigne, who made 36 league appearances as Napoli finished third in Serie A, is under contract with the club until June 2018.