Chamberlain has always been linked with a move away from the Emirates, with the English global reportedly becoming increasingly frustrated with the club's lack of urgency to renew his contract, set to expire next summer.
Talks on a new deal have stalled in recent days, with no official offer yet from Arsenal.
Given his talent and potential, he is just 23 years of age after all, you'd expect Arsenal to have wrapped up any doubt about his future at the Emirates.
Chelsea and Manchester City are both also monitoring his situation with a view to move in if the likelihood of Oxlade-Chamberlain continuing at Arsenal reduces.
Reds boss Jurgen Klopp is a particular fan because of Oxlade-Chamberlain's "energy, explosiveness and ability to perform a variety of attacking roles".
Antonio Conte is determined to bolster his squad this summer ahead of the club's return to the Champions League and the Arsenal ace, who showed his versatility under Wenger last term, has emerged as a target. This past season, he saw his playing time drop significantly, but came on strong as he impressed in the wing-back role after Arsene Wenger switched to a back-three.
Talk over his future may be ramping up, but Alex Oxlade-Chamberlain could not have looked more relaxed about his next move as he chilled out on a hammock in the sea on holiday.