The Gunners winger is yet to have his future sorted at the Emirates with the 23-year-old's contract expiring in 12 months' time.

Oxlade-Chamberlain has been left frustrated at Arsenal, and Arsene Wenger could now cash in.

Reports have suggested the England international will be available for £25million, with Liverpool favourites to land him.

Arsenal would face losing him for free next summer if no new deal is signed.

And according to the Liverpool Echo, Liverpool want to be heavily involved in the bidding for Oxlade-Chamberlain in this transfer window.