Wilshere has struggled with injuries again this season, making just nine Premier League appearances, and could be on his way out of the Emirates with Manchester City keen on a move.
City want to revamp their ageing midfield this summer and have lined up Wilshere as an ideal acquisition, along with Ross Barkley and Jordan Henderson.
The 23-year-old midfielder joined the Arsenal academy in 2001 and has been at the club for 14 years, but would struggle to force his way back into the current team, and so a big-money move could come at the right time for the Gunners.
The sale of Wilshere would free up a move for Southampton star Morgan Schneiderlin, who is looking likely to depart this summer if the Saints fail to qualify for the Champions League.
Schneiderlin was a target of both Arsenal and Spurs last year, and although the Saints were able to hold on to the defensive midfield enforcer for the season, a bid in excess of £27 million could be enough to sign the French international this time around.
Arsene Wenger has long needed a solid holding midfielder to strengthen the Arsenal team and Schneiderlin could be the ideal candidate, especially given his Premier League experience.
The 25 year old has made 24 league appearances this campaign, scoring three goals with one assist and could be replacing Wilshere in the Gunners’ side next season.
Would Morgan Schneiderlin be a good replacement for Jack Wilshere at Arsenal?