Los Che have been linked with a swoop for the Uruguayan international ahead of the new campaign as Jose Bordalas looks to launch a raid his former club.
According to reports from Diario AS, Bordalas has highlighted midfield as the key area in need of reinforcements ahead of the new campaign with Arambarri the main target.
Getafe are keen to retain the 25-year-old with two years still to run on his current deal at the Estadio Coliseum Alfonso Perez.
However, they could be open to a deal, if Valencia match or exceed their €22m asking price in the coming weeks.
Bordalas is currently only willing to go as high as €20m in a bidding war for his ex star with negotiations expected to restart before their first game of the season next weekend.