Manager Arsene Wenger will be continuing on as manager of Arsenal ahead of the 2017/18 Premier League campaign and many are unsure as to whether the Gunners will be able to mount a sustained bid for the title under the Frenchman.
But Arsenal are determined to close down that route and have made it clear that Bellerin is going nowhere.
Bellerin has been the defensive priority all summer.
The move is the second big piece of business behind the scenes at Arsenal this summer, following the addition of fitness guru Darren Burgess last month, and further alterations could take place to rejuvenate Arsenal's coaching staff.
He reached the final that the Spaniards lost against Germany by 1-0.
If he was to move to the Emirates it would then be his third spell with the Londoners.
He also revealed his admiration for what Wenger did for the careers of international team-mates, Thierry Henry, Patrick Vieira, Emmanuel Petit as well as Anelka.
Lehmann has been largely supportive of Wenger, criticising supporters who arranged to fly a plane over Arsenal matches in protest at the Frenchman's management, but in March claimed he had to change his style moving forward. He left the Gunners in 2008 but returned three years later on a short-term basis as injury cover, making just one solitary appearance.
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