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Oxlade-Chamberlain has been with Arsenal since joining the club from Southampton in 2011 but he’s failed to progress as many had hoped and has struggled to hold down a regular first team place in recent years.
The 23-year-old started just 16 Premier League games last season and with just one year remaining on his current contract, he’s reluctant to commit his future to the Emirates.
The uncertainty has alerted Liverpool with Jurgen Klopp believed to be keen on luring Oxlade-Chamberlain to Anfield and the Mirror claim that the Merseysiders have now made contact with Arsenal chiefs to try and thrash out a £25m deal.
However, the Evening Standard claim that the Gunners have already rebuffed Liverpool’s approach and are in talks with Oxlade-Chamberlain about a new deal worth in the region of £100,000-a-week.
The newspaper says Arsenal remain confident the midfielder will sign an extension but negotiations have slowed as Oxlade-Chamberlain wants assurances from Wenger that he’ll be a key part of his team.
The England international impressed during the second half of last season in the right wing-back role and he also starred when given the chance in his preferred central midfield position while Hector Bellerin and Aaron Ramsey were on the sidelines.