Matteo Guendouzi could be offered a way out of Arsenal by Valencia.
The 21-year old has not played for the Gunners since the loss away to Brighton in June and has been frozen out under Mikel Arteta because of disciplinary issues.
The Spaniard offered an olive branch to the French-under 21 international last week by insisting that everybody started the new season with a clean slate, but few expect him to play for the club again.
Arsenal want £40 million for the midfielder, who still has two years left on his contract, and he has been offered as makeweights in various transfer deals this summer.
Valencia do not have that sort of money. They are cash-strapped and have let some of their best players go in a virtual fire sale already during the transfer window.
However, they are ready to take him initially on loan, with an option to buy at a later stage when they can afford him.
Barcelona and PSG are also tracking his progress, whilst former manager Unai Emery could seek a reunion with him at Villareal.
