The winger, who joined Arsenal from Lille for £72million in the summer of 2019, was the club’s second top goalscorer last season but he has struggled this year.
Pepe has played just 122 minutes of Premier League football since the start of October and it has led to him being linked with a move this January.
Newcastle, who Arsenal play tomorrow at Emirates Stadium, have been touted as a possible destination, while AC Milan have been mentioned too.
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