Foreign reports state that Panathinaikos have looked into Kepa Arrizabalaga in their search for a high-level goalkeeper. It is reported that Besiktas, Como, Getafe, and Panathinaikos have spoken to representatives from Arsenal to be informed about the financial terms of a possible deal before making a proposal. The primary obstacle is financial, as Kepa has high gross annual earnings of about 4.4 million euros. A potential move is considered difficult without a specific arrangement, such as a loan, coverage of part of his contract, or an agreement on favorable terms. There is no indication that the situation has progressed to completion until June 2026, and it remains at a stage of exploration and contacts for financial data.

Panathinaikos has shown interest in the 31-year-old Spanish international goalkeeper Kepa Arrizabalaga. Four teams, including Panathinaikos, have reportedly spoken with representatives from Arsenal to learn the financial details of a potential agreement. Kepa is under contract with Arsenal until 2028 and made one appearance in the Premier League during the 2025/2026 season.