Arsenal midfielder Aaron Ramsey is being tracked by Chelsea and Manchester United as the Welshman is yet to sign a new contract at the Emirates, according to The Sun.

What's the word?

Ramsey's contract situation could end up being a sub-plot throughout Arsenal's season.

The 27-year-old has less than 12 months to run on his current deal, and at the moment there are no indications that he will pen fresh terms.

Unsurprisingly, the lack of progression on contract talks has led to speculation that Ramsey could be on his way out of the club.

The Sun reports that the midfielder wants a significant increase on his £110,000-a-week wage packet, but if a deal cannot be struck then Chelsea and United are waiting in the wings.

How would Ramsey's exit affect Arsenal?

The Welshman, who has scored 36 Premier League goals in his career, has had his critics over the course of his 10-year spell at the North London outfit.

However, there is no doubt that he is an important part of the team, and losing a high-profile senior player would be damaging for the Gunners.

Top players move on from elite clubs all the time, but Arsenal are in a transitional period and they need to keep morale high.

If Ramsey left, the North London club would recover, but losing him to Chelsea or United would severely dampen Arsenal's reputation.

The Gunners are already on the backfoot in their race for a top-four place, therefore failing to convince Ramsey to leave would weaken their position further.

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