The Gunners have been credited with an interest in signing the 26-year-old forward this summer as Unai Emery looks to bolster his options up front at The Emirates.
Despite all of the speculation, there has been no official word from Arsenal about their reported interest in landing the Ivory Coast forward.
Should Arsenal sign Zaha, it would result in a sharp increase in competition for a place in the attacking line-up at The Emirates next season.
And although Iwobi is willing to fight for his place in the first team, he admits that the arrival of the striker from Crystal Palace may force him to consider his future at the club.
Iwobi is quoted as saying by The Sun: “I am not one to chicken out. I have had it all over the years, being told I’m not good enough.
“So whenever the chance comes I always try and prove I should be starting. But it’s going to be difficult if Zaha comes. He will add more stress.
“I am up for the fight but the only time I would consider leaving is if I am not playing as much as I would like to.
“Obviously, my joy is to play football and not just sit out.
“If it comes to that I would have no choice but to leave. But I would always put up a fight to play — that is what I have done all my life.
“We have big stars already, so by adding another one I’ll just have to prove I can do better than them.”
Arsenal are believed to be on the lookout for a number of new signings this summer as they aim to strengthen their squad ahead of next season.
The north London side finished in fifth place in the Premier League table last term as they missed out on Champions League qualification.
Arsenal also lost 4-1 to Chelsea FC in the Europa League final last term.
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