The winger is out of contract at the Emirates Stadium next summer and, with no renewal on the horizon, Arsene Wenger will let him depart for the Gunners' London rivals.
Barcelona are keen to sign Eden Hazard from Chelsea for a fee of €120 million this summer, according to Diario Gol .
Real Madrid are also keen to sign the Belgium international but Barca hope to convince Chelsea to sell, with Antonio Conte seemingly resigned to losing Hazard, who is currently injured.
The Blues are keen to sign Sergi Roberto from Barca and the midfielder may be included in any deal for the 26-year-old.
Wantaway Chelsea striker, Diego Costa wants a loyalty bonus from the Blues, according to The Mirror.
The attacker is trying to force through a move to Atletico Madrid but he believes he deserves a reward for his three years at Stamford Bridge.
Leicester City are standing firm on their £50 million valuation of Riyad Mahrez and will reject a third offer from Roma for the winger, according to the Mirror.
Roma have already seen two offers rejected for Mahrez, who has also been linked with Arsenal and Inter Milan, with a third bid of £31.8m also set to be turned down.
Barcelona will not give up on Philippe Coutinho and are ready to bid a whopping £137 million to convince Liverpool into selling, reports the Sun .
The Catalans' pursuit of the playmaker has been fierce since Neymar left Camp Nou for Paris Saint-Germain, but Liverpool have been equally insistent he is not for sale.
But with a much-improved offer on the table, and Coutinho himself handing in a transfer request, it remains to be seen how long the Reds can hold out with over the two weeks left in the transfer window. PLACE YOUR TEXT ADVERT BELOW:>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> How I TOTALLY Got Rid Of my POT BELLY,excess Fat and Overweight In just 2weeks.. Click HERE for Details.