Paz has been a revelation for promoted Como this season under coach Cesc Fabregas.
A summer arrival from Real Madrid, Paz has been outstanding for Como in his first season of consistent senior football.
Tuttosport says United and Arsenal, along with Inter Milan, are all watching the Argentina international's progress this season.
However, any move away will depend on Real Madrid, which hold a buy-back option in Paz's deal.
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Arsenal's project can't compete for a player anymore with such a failed project of Manchester... If we like Paz we will get him... If we don't like him he will be where he destined to be... Gunners For Life ❤️🤍🔥....