The Daily Mirror is reporting that the Gunners are considering offloading the Wales midfielder in the new year after having failed to agree terms with the 27-year-old over a new deal.
As things stand, Arsenal are now facing the real prospect of losing Ramsey on a free transfer next summer when his current deal is set to expire.
And the same newspaper article claims that Arsenal would rather sell Ramsey in January for a fee than lose him for nothing at the end of the current campaign.
The same report says that Manchester United were interested in Ramsey last summer and that Italian side Juventus have now joined the chase for the midfielder along with Chelsea FC and Lazio.
Despite the speculation about his future, Ramsey is likely to start for Arsenal in their Premier League clash against Watford at The Emirates on Saturday afternoon.
The north London side head into that game looking to make it five wins in a row in the Premier League under new boss Unai Emery.
The Gunners have not won the Premier League title since 2004 and they have finished outside of the top four in the last two seasons running under Arsene Wenger.
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