The England international may already have played his final game for the Gunners, having suffered a “significant” ankle injury in last month’s goalless draw with Sporting Lisbon.
Welbeck, who joined the North London outfit from rivals Manchester United in 2014, will be able to speak to foreign clubs from the first of January about a summer switch.
Arsenal have extended the contracts of injured players Santi Cazorla and Abou Diaby in the past to act as an incentive, but reports claim that the club are not prepared to do likewise with Welbeck.
Instead, the 28-year-old will now join longest-serving player Aaron Ramsey in departing the Emirates Stadium in six months’ time, with Crystal Palace one of a number of sides supposedly interested in his services.
The 28-year-old has played 88 times for the Gunners with 16 goals.
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