Arsenal chief Ivan Gazidis says they will hold talks with shareholder Lady Nina Bracewell-Smith.
Gazidis revealed the club would have "on-going dialogue" with Red & White Holdings, and also look to speak to Lady Nina Bracewell-Smith, who holds some 15.9 per cent of shares but left the board in December.
Former MLS boss Gazidis said: "I will be reaching out to her to initiate that dialogue and I am sure that will be productive going forwards.
"Certainly if she were to say she was a seller, then I am sure there would be interest among the current Arsenal board."