English Premier League powerhouse Arsenal FC is reportedly ready to sell winger Alex Oxlade-Chamberlain in the summer for a transfer fee of at least £15 million from the highest bidder, recent reports say.

Caught Offside reported that the Gunners are keen on listening to proposals for the 22-year-old England international as they have become "discouraged by his lack of development".

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The report also said that head coach Arsene Wenger is worried that "the £12m signing from Southampton has not progressed as much as he anticipated in his five years with the Gunners" and that he could be a flop in the near future.

The 5-foot-11 Portsmouth, England native still has two years remaining in the deal he signed with the Emirates Stadium giants in August 2011 after this season and the 66-year-old manager seemed to have grown impatient about his lack of on-pitch growth.

Oxlade-Chamberlain is currently in his fifth season with the Holloway, London residents and had not been as productive as expected. He appeared in a total of 149 games in all competitions for Arsenal during the said time period and have only scored 14 times. In the domestic league, he appeared 100 times and have scored only seven goals.

The former Southampton midfielder is currently sidelined and is expected to be out for at least six weeks with a knee injury, according to the Independent, which will not help in making Wenger change his mind about him.

Wenger is said to be hopeful that Oxlade-Chamberlain could return "in two or three weeks, not six or seven", perhaps to let the Englishman redeem himself from his poor form in the past.

Meanwhile, the French boss is reportedly contemplating about benching compatriot striker Olivier Giroud as he is figuring out how to "solve his team's goalscoring crisis" with the Gunners failing to score a goal in five of their previous eight games.

"It is going through my head at the moment," the coach said, referring to dropping Giroud from the starting lineup. "I agree that our goals have dried up seriously and we have to find a solution."

Tags Football Transfer Rumors, Arsenal FC, Alex Oxlade-Chamberlain, Football Transfer Rumors 2016, Arsene Wenger