Carlo Ancelotti admits there are growing signs Arsenal target Sami Khedira could leave Real Madrid despite believing the player still wants to remain at the Santiago Bernabeu.
Khedira's long-term future remains shrouded in doubt after a summer where he was persistently linked with a move away from the Spanish capital.
The World Cup winner is in the final year of his contract at Real Madrid with little indication from either party that a new deal is close to being signed.
Ancelotti remains hopeful Khedira will remain at the club but with the January transfer window looming, the Italian coach admits his departure is a possibility.
"There are indications that he might leave, but I think he wants to stay here," Ancelotti told Primer Toque.
Ancelotti has previously spoken confidently of Khedira seeing out the remainder of his contract with the club, claiming, "We have until June to reach an agreement with him."
The German international saw the start to his season hampered by a knee injury he suffered on international duty in September but following his return he is still yet to start a league game for the club, having made four appearances off the bench.
Khedira will be able to hold talks with clubs ahead of a free transfer early next year but if faced with the possibility of losing him for nothing, Real are likely to consider trying to recoup a fee for the midfielder.
Arsenal's approach during the summer transfer window has come under heavy criticism in recent weeks with their failure to sign a formidable midfield presence and another centre half at the centre of those complaints.
Arsene Wenger admitted at the club's AGM meeting in September the club may have made a mistake in not making further additions in midfield and defence, something the club will look to address in the build up to the January transfer window.