Skysports.com understands that a number of Championship clubs have agreed terms with Arsenal for Jay Emmanuel-Thomas.
The 20-year-old is a graduate of The Gunners' famed academy, but he has played just once for the senior side - spending most of his time away from the club on loan.
He has impressed during spells with Blackpool, Doncaster and Cardiff over the last three years - but now he is ready to move on permanently.
Arsenal are set to let him move on for around £1million - but with a large sell-on fee.
Skysports.com understands that Ipswich, Burnley and Portsmouth are amongst the clubs battling to land Emmanuel-Thomas who can play up-front or in midfield.
Emmanuel-Thomas is now set to decide on where his future lies with a decision due early next week.