The 20-year-old midfielder failed to impress on his return to the side in Tuesday night's FA Cup clash at Villa Park.
Everton’s Romelu Lukaku and Tottenham Hotspur's Harry Kane have both had superb seasons so far.
Paterson was on the losing side for Huddersfield Town.
Remi Garde's men left it late to see off the League Two side 2-0 in their FA Cup third round replay at Villa Park.
The midfielder became Arsenal's first signing of the January transfer window last week.
Leeds United Under-21s lost to their Liverpool counterparts on Tuesday evening.
The Brazilian international has struggled to perform consistently for Liverpool this season.
Collymore would take Southampton’s Shane Long at Aston Villa.
Karren Brady has given her view on Andy Carroll's injury.
Shola Ameobi will be released by Bolton Wanderers at the end of the week, should Leeds United make a move?
Nottingham Forest striker Lars Veldwijk has scored six goals in five games since joining Eredivisie side PEC Zwolle on loan.
West Ham have taken forward Devante Cole on trial from Manchester City.
The Saints destroyed the opposition in their latest pre-season friendly, their third victory in a row, with Jay Rodriguez, Jordy Clasie and Graziano Pelle making the headlines.