Arsenal have been unable to agree terms with the Welshman, which has alerted Serie A champions Juventus.
Milan are also thought to be keeping a close eye on the situation, with outgoing Arsenal chief executive Ivan Gazidis having agreed to join them later this year. Gazidis’s role at Arsenal means he will be familiar with Ramsey’s contract negotiations.
Meanwhile, Danny Welbeck insists he is happy to be patient at Arsenal and wait for a regular first-team role under Unai Emery.
Do you think Arsenal should keep Ramsey at all cost?