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Arsenal signed Lucas Perez from Deportivo La Caruna for £16m in the summer with Arsene Wenger criticised for a lack of ambition in the transfer market.
However, Italian agent Vincenzo Morabito told Radio CRC (as reported by the Daily Star) the Gunners went for a far greater prize.
Morabito says he found out that Aubameyang was worth £80m to Arsenal when he made an approach to Borussia Dortmund on behalf of a Serie A giant.
“Sometime ago, I called Zork, Dortmund’s director of football, to talk about Aubameyang [on behalf of Napoli], but the ‘no’ was absolutely categorical,” he said.
“I know that this summer, Arsenal offered €90m (£80m) for Aubameyang, but Borussia didn’t want to hear anything about it.”
Aubameyang was stood down by the club for a night out recently but paid them back with four goals on his return.