The Arsenal defender has fallen out of favour at the Emirates due to the form of Nacho Monreal.
The Sun suggests that the England international is planning to wait until the summer before making a decision about his future. But should Wenger continue to pick the Spaniard ahead of Gibbs until the end of the season, it seems unlikely that he will want to stick around the Emirates, where he may potentially watch his career stagnate.
Certainly, the fact that the 29-year-old has recently agreed a new long-term contract (via The Guardian) may serve as an indication to the former Norwich loanee that if he wishes to enjoy regular first-team football, he may have to seek a move to one of the three sides monitoring his situation.
And while he may currently wish to wait until the summer before making a decision, the prospect of watching his chances of securing a place in England's squad for the European Championships slip away may force him to reconsider his stance should one of the interested clubs decide to make a bid this month.