Arsenal are reportedly considering a sensational move for Spain winger Jesus Navas, who could replace Theo Walcott, as manager Arsene Wenger continues his summer of rebuilding.

The England international has entered the final year of his contract and has yet to agree terms on a new deal with the Gunners. Chelsea and Liverpool have been linked with a move for the 23 year old and Wenger may now decide to cash in on him, like he did with Samir Nasri and Robin van Persie, as there is a risk of the player walking out as a free agent next summer.

Navas, who has also been linked with Arsenal in the past, has a £35m buy-out clause in his Sevilla contract but the 26 year old could be available for around half the sum, according to the Daily Mail. The north Londoners are preparing an opening bid of around £11.8m for the winger and are confident a deal can be agreed before the transfer window shuts, reports the Daily Star.

Jesus Navas
Arsenal are considering an offer for Navas

Spanish newspaper AS claims the Gunners' new Spanish recruit, Santi Cazorla, convinced Wenger to make a move for Navas. The players are understood to be close friends and were part of the La Roja's Euro 2012 triumph.

However, Navas coming to the Premier League looks slightly unlikely and not just because the Sevilla star is considered a one-club player. The Spaniard suffers from chronic homesickness - like former Gunner Jose Antonio Reyes - to the extent that he has walked out of training camps within the country because they were too far away from Andalusia, the region of Spain where Sevilla are based.

Navas has also encountered anxiety attacks and seizures in packed stadiums, especially at away grounds. His condition has improved vastly of late, thanks to psychological tactics deployed by both club and country but a move to London still seems a giant leap.

Theo Walcott
Walcott has less than a year remaining on his Arsenal contract

Henderson Wants Loan Switch

Meanwhile, Arsenal midfielder Conor Henderson has revealed he wants to go out on loan this summer. The 20 year old spent the past year on the sidelines after suffering a cruciate knee ligament injury at the beginning of last season but now looks to have returned to full fitness.

"It is important for me to get games this season. I think the plan for me now is to go out on loan, get some first-team experience and see where I go from there. A few clubs are asking about me but I think they want to see I am match-fit before they take me, so hopefully I can have a few more games for the under-21s and do that," the club Web site quoted the youngster as saying.

Henderson scored twice for Arsenal U21 against Bolton Wanderers' U21 side, earlier this week.