Nketiah has reportedly cleared out his executive box at the Emirates, which could suggest a potential move away from the club.
The Gunners have only signed one player so far this summer, defender Ricardo Calafiori, who joined for £42 million from Bologna. Meanwhile, seven players have left the club, most notably Smith Rowe, who joined Fulham for £34 million.
Nottingham Forest are also strongly interested in Nketiah and have offered £25 million for him. However, the £25 million price tag is not what Arsenal are expecting and negotiations are expected to continue between the two clubs.
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