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Alex Oxlade-Chamberlain has rejected a huge £180k-a-week contract offer from Arsenal.
Arsene Wenger is now expected to inform the player that he can leave before the close of the transfer window within the next 24 hours.
On Thursday, Wenger made a final attempt to convince the 24-year-old to sign and seemingly failed.
Chelsea and Liverpool on alert
Both Premier club are set to do battle to sign the contract rebel.
Chelsea and Liverpool have both been long term admirers of the England international.
Antonio Conte believes that Oxlade-Chamberlain could be deployed as a wing-back in his three-at-the-back formation.
Chelsea are understood to be preparing a £30m bid for Oxlade-Chamberlain.
Arsenal are reluctant to sell him to a Premier League rival.
However, they are aware that they run the risk of losing him on a free next summer when his contract expires.