The Uruguayan enjoyed a solid start to life in north London but has struggled to make an impact since Unai Emery left the club.
Fiorentina, Roma, Torino and Sampdoria have all been tentatively linked with a move for Torreira this summer.
And Italian outlet Tuttosport reports the player's relationship with Arteta has fizzled out, meaning a move away from the Emirates now seems inevitable.
Torino boss Marco Giampaolo is said to have already spoken to Torreira ‘several times’, and Torreira has indicated he would make the move and reunite with the manager he worked with at Sampdoria.
Giampaolo’s brother Federico has even confirmed the interest.
“Taking Torreira will be very difficult because it is an operation that involves a great outlay from the club,” he told Tuttosport.
“And it is a negotiation unrelated to the simple will of the player, so many factors come into play. But in football, you never know.
“Maybe Marco convinces him, and Vagnati gets a yes from Arsenal: everyone in Turin wishes him well.
"It is a city that lives on football and Torreira can ignite enthusiasm like few other players.”
It comes as the Uruguayan has given his own take on his future earlier this year, telling Sport 890: “I have to think thoroughly about my future. I have a contract with Arsenal and I have to respect it.
“Obviously, if I were to leave, I would do it for the best possible destination. We have to be calm and wait.
“Last season I played continuously, this one less so.
“This year has been more complicated: I have lost continuity and confidence. I do not like this. At this age I need to play to be called up for the national team.
Get the latest transfer news straight into your inbox!
Want to be on the ball with Jadon Sancho to Manchester United updates? Or perhaps you're a Chelsea fan wondering who on earth could join next?
Well then sign up for the brilliant new Daily Star Sport email newsletter!
From the latest transfer news to the agenda-setting stories, get it all in your email inbox.
How do you sign up?
It only takes a matter of seconds.
Simply type your email address into the box at the top of this article and hit 'subscribe'.
And that's it, job done. You'll receive an email with all of the top news stories every single morning.
You can find out more information on our email newsletter on this link here.
“Transfer rumours? I don’t know anything right now. I need to rest because it was a very long season, I got injured, then there was the coronavirus.
“I have a contract with Arsenal, but if I have to change in the future it will be a decision I make for my own good.
“Every player looks for a team where he feels important. We will see what happens in the future.”