The Gunners will need to postpone signing the goalkeeper until Aaron Ramsdale is either sold or loaned out.
Per Mundo Deportivo, the Gunners want Espanyol star Garcia as their no.2 keeper.
However, they have an issue in that Liverpool are also circling for his services.
The Reds are attempting a hijack, while La Liga outfit Girona are also in the market for a keeper.
Garcia will have to decide if he wants to move to the Premier League as a rotation option or stay in La Liga and play regularly.