The Olympiakos star has revealed that his agent is in talks with the Gunners over a move.
So far the two clubs have failed to agree on a fee for the 24-year-old.
“There is still a chance I will move to the Premier League,” Mirallas told Belgian newspaper Het Nieuwsblad.
“My agent is having talks with Arsenal, those rumours are true.
“Only Olympiakos is in the way. They want €8 million (£6m) and not a penny less. But if the move doesn’t come through, I am happy to stay in Athens.”