The 23-year-old has recently been heavily linked with a summer exit, with Newcastle United emerging as frontrunners for his signature.
The Magpies are believed to have approached Nottingham Forest over a potential deal for Elanga.
However, they could face stiff competition, with more top-flight clubs expressing interest in the forward.
According to transfer insider **_[Graeme Bailey of TBR Football](https://tbrfootball.com/nottingham-forest-set-60m-price-tag-for-star-who-is-aware-of-interest-from-arsenal/)_**, Arsenal are among the clubs tracking Elanga's situation.
Tottenham, Chelsea, and Aston Villa are also understood to be monitoring the Sweden international.
Elanga is said to be aware of the growing interest, although he is reportedly content with life at Forest.
Nuno Espirito Santo's side are believed to be demanding a fee in the region of £60m for any potential sale, and they remain reluctant to part ways with one of their key players.