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The Football Association is refloating plans to sell off Wembley Stadium, according to theDailyMail.
Wembley's sale has previously been resisted by FA council members, but the governing body may have little choice as it seeks to cover lossesreportedly worth up to £300 million ($375m).
Gallagher, 20, has impressed during spells on loan with Charlton and Swansea, and would set the south London side back around£10 million ($12.5m).
The Gunners are willing to sell in order to fund transfer
Matteo Guendouzi,Alexandre Lacazetteor Lucas Torreira could be sold in order to fund an approach for the midfielder, with transfer funds in short supply at the Emirates.
Leverkusen will allow wonderkid to leave
Leverkusen are prepared to allow the 21-year-old to leave after he helped them clinch a Europa League spot, while Havertz in turn has informed the club that, despite reported interest from the likes of Bayern Munich and Real Madrid, he is only interested in a Premier League move.
The Championship club sacked Lee Johnson following Saturday's 1-0 loss to rivals Cardiff City, their fourth straight reverse since the league resumed in June.