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Arsenal manager Arsene Wenger is ready to sanction the sales of Andrey Arshavin, Marouane Chamakh and Johan Djourou in a bid to free up some space in his squad.
Wenger is keen to bring in some new faces during the January transfer window but must first allow a number of out-of-favour players to leave the club.
The Daily Mail believes that the trio are all close to sealing moves away from the Emirates, with striker Chamakh garnering the most interest from the likes of West Ham United and French side Lille.
The Moroccan forward has gradually slipped down the pecking order since his arrival on a free transfer in the summer of 2010 from Bordeaux and this season has not featured in a single Premier League game.
However, it is believed that West Ham manager Sam Allardyce, who admitted he wants to bring another striker to the club, is interested in offering Chamakh the chance to prove his quality in England.
The 28-year-old could also be offered a route back to French football as Lille look to resurrect their season and push on for a top four finish.
There is also said to be interest in Arshavin who has already turned down the chance to stay in the Premier League with Reading. The midfielder is believed to be wanted by PSV-Eindhoven boss Dick Advocaat who previously worked with the 31-year-old when he was manager of Russia.
The two midfielders are not the only ones heading for the exit as Hannover 96 president Martin Kind admitted that talks have been opened with Arsenal over the possible transfer of centre-back Djourou.
"I can confirm he is on our list and there have been talks," said King, as quoted in the Daily Mail.
The Swiss defender is another who has failed to feature in a single Premier League game this season and has fallen well down the pecking order in the last 12 months.