West Ham, Fulham and Blackpool are all thought to be considering whether to offer him a Premier League chance, whilst Millwall, Nottingham Forest, Cardiff, Leicester City and QPR are all keen. Nigel Pearson looks set to become the Hull City manager and will also probably have Simpson on his hit list.
His advisor Uben Gray confirmed Simpson could leave the Emirates Stadium.
"Jay has had discussions with Arsene Wenger and Arsenal," he told skysports.com. "Everyone at the club only has good things to say about Jay, including Arsene, but they appreciate he needs to be playing first-team football.
"And so they are ready to let him leave, but only if the deal is right for all parties."