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Ramsey, 27, will see his current Arsenal deal expire at the end of the current season, and it is understood that the two parties are struggling to come to an agreement over a fresh contract.
Chelsea and Manchester United are both said to be monitoring developments, with Ramsey dropped to the benchfor Arsenal’s Premier League clash with Chelsea at the weekend.
Merson has urged the Wales international to sign a new deal at Arsenal as he might not be able to secure regular football if he decides to move on.
“I am shocked he is still there. He should just sign now. I thought Chelsea might come in for him. It is a massive football club. He plays every week for Arsenal. He could go elsewhere and might play 15 games,” Merson told Sky Sports News.