Arsenal are willing to entertain offers of £35m for winger Alex Oxlade-Chamberlain. According to The Mirror, Arsenal are conscious of losing him on a free transfer next summer and would cash in if a suitable offer came in. The report also claims Liverpool are attempting to usurp Chelsea?s move for the England international and secure a deal. Oxlade-Chamberlain has one year left on his current deal with Arsenal and the Gunners are willing to let him leave. Arsenal will accept offers of £35m for the winger, who has rejected a £180k-per-week contract offer. Chelsea are seen as the favourites but Liverpool are looking to steal a march on their rivals to land his signature. The transfer window slams shut at 11pm next Thursday, with clubs scrambling to push deals over the line. Arsenal are also looking to get their own business done, although their pursuit of AS Monaco winger Thomas Lemar appears to be over.