The rap superstar, married to Beyonce, already holds a stake in basketball's New Jersey Nets and may splash some of his estimated £500million fortune on the Emirates club after becoming a fan five years ago.
Jay-Z, born Shawn Carter, said: "I don’t know a lot about the business of soccer, but in the future if the right opportunity presented itself, then who knows? I am a businessman, and I will always look at an opportunity, and if it feels right great."
His confession comes just days after rap rival P Diddy was linked with an unlikely takeover at Crystal Palace.
The 10-time Grammy winner, whose other business interests include clothing line Rocawear, said he started following Arsenal "when Thierry Henry was at the club. I just thought he was an amazing player. Ever since then I have been a big fan of the club and still today you play the beautiful football that Thierry did. I think he had a real long term-effect on the team.
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