The Gunners are poised to recall Nketiah from Leeds in January ahead of arranging a new loan for the young striker.
Nketiah joined Marcelo Bielsa's side on a season-long loan in August. The 20 year-old has scored five goals for Leeds despite just two of his 13 appearances being starts.
Asked about the striker's situation, Arsenal caretaker boss Freddie Ljungberg said: "I need to be careful [what I say] but I think Eddie is a great player. If he goes on loan we want him to play football and get minutes otherwise they can maybe be here.
"I feel a bit sorry for him because he is a great player and the future of this club. When he has had his chance he scores goals and that's what he is about."