That outlet reports that Walcott has been lined up for a return to Southampton after failing to command a starting spot this season and justify his £110,000-a-week wages.

Inter Milan, West Ham and Everton are other possible destinations, with the Italian side also expressing an interest in Ozil, whose contract expires next summer.

Arsenal are reluctant to lose the German for nothing and will look to recoup some of the £42.5m they shelled out to sign him in 2013.