The Englishman spent last season on loan at Bournemouth and he has been linked with several clubs for a permanent move this summer.
However, the Daily Mail understands that Wilshere is determined not to give up on staying with the Gunners.
The 25-year old joined Arsenal when he was nine years of age. He burst onto the scene as a 16-year old in 2008 and has been regarded as a player with enormous potential ever since.
His run with injuries have dampened his development however, and Arsenal are preparing to cut their losses by moving on Wilshere and his large contract.