Arsenal Transfers: 10 Deals That Could Happen In January

5. Santi Cazorla OUT

A lot can happen in two seasons €“ just ask Santi Cazorla. Having been named Arsenal's Player of the Season for 2012-13 in his first Premier League campaign, the attacking midfielder is now struggling to convince his employers he's worthy of a new contract. Cazorla has returned to form in recent weeks, scoring three goals and providing as many assists in his last five appearances for the Gunners. However, with his 30th birthday around the corner and just a year left to run on his current deal, the former Malaga star seems to be an expendable members of the Arsene Wenger's squad. Cazorla faces competition from Alexis Sanchez, Mesut Ozil, Jack Wilshere, Aaron Ramsey and Alex Oxlade-Chamberlain €“ a situation that will only become more dire once Arsenal's injury problems ease. His precarious situation has caught the eye of at least three Spanish clubs, with Atletico Madrid leading the chase to secure his signature this winter, according to reports. It's clear the 29-year-old is no longer the crucial first team player he was when he joined from Malaga in 2012, so it could be the right time for Wenger to cash in before the Spaniard becomes a free agent. Probability: 8.5/10