The Gunners have been linked with the talented 19-year-old for some time, but will make a formal offer ‘within weeks’ according to VI.
Head coach Mikel Arteta has known about Kokcu for years from scouting reports during his time at Manchester City.
Arsenal want to build a new ‘young and talented’ team and see Kokcu as someone who fits that philosophy.
The Premier League club could face competition with others keen on the Turkey U-21 attacking midfielder.
Sevilla are also serious about Kokcu, with sporting director Monchi having visited Rotterdam several times to talk to his management.
Feyenoord had hoped to extend Kokcu’s contract, but can’t meet his demands and so a transfer is a serious option.
Technical director Frank Arnesen is not against a sale, believing the money could be reinvested into the squad.
Kokcu made 22 appearances for Feyenoord in this season’s Eredivisie, scoring two goals and assisting four.