The 29-year-old shot-stopper has fallen down the pecking order at the London club and he is no longer a key starter for Mikel Arteta and his side.
Arsenal signed Aaron Ramsdale from Sheffield United at the start of the season and the 23-year-old goalkeeper is now the first choice shot-stopper at the London club.
According to a report from Football London, the German goalkeeper is valued at around £19.8 million and it remains to be seen whether his suitors are prepared to pay up for services.
It seems highly unlikely that Leno will be able to reclaim his starting berth soon and therefore the German needs to move on in search of regular game time.
Perhaps a return to the Bundesliga would be ideal for Leno, who is at the peak of his career and cannot afford to waste a season on Arsenal’s bench.
Ideally, the Premier League player should clarify his position at the club with the manager and then make a decision regarding his long term future.
Apparently, Inter Milan are one of the clubs keen on signing the German and Arsenal will be open to offers for the player during the January transfer window.
A player of Leno’s quality needs to play every week and if he cannot get the necessary first team assurances at the London club, a January move would be ideal for him.