Rob Holding could join them in departing before the transfer window closes.
Arsenal have been trying to find a buyer for the 27-year-old for several months and a deal could finally be struck before the 11pm deadline.
Wolves and Crystal Palace are both interested in signing the defender, who is yet to feature this season.
Having made an unbeaten start to the new league season, Arteta's side will continue their quest for the title against Manchester United on Sunday.
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