Petr Cech has revealed that he is hoping Arsenal can keep Aaron Ramsey.
Nigerian global Iwobi, 22, progressed to the Arsenal first-team from the academy and his new contract is reportedly worth £70,000-a-week.
Arsenal will be loathe to lose another player on the cheap after Alexis Sanchez moved to Manchester United last January.
Arsenal missed out on a Champions League spot for the second successive season to force the Gunners board to make a change.
Cape Town - Aaron Ramsey says his agent is now in talks with Arsenal over a possible new deal at the Premier League club.
Iwobi and his colleagues will then go for an emotional outing against their new manager, Unai Emery's former club, Paris Saint-Germain.
"Obviously we would like to keep all the best players with us".
Arsenal boss Emery has made the signing of a fast, direct winger his main priority in the final few weeks of the window, Goal understands. It only says we are considering a loan offer, which may be even more likely now considering the situation with Aleksandar Mitrovic.
Twitter user Royal-Teey feels the Gunners are "fully kitted" and ready to fight for the Premier League if they are able to land Nzonzi.
Matteo Guendouzi, Bernd Leno, Stephan Lichtsteiner, Sokratis Papastathopoulos and Lucas Torreira have all arrived this summer and Emery is now set to trim his squad ahead of the new season.