But obviously, Crystal Palace are holding out for a substantial transfer fee which is out of reach for the Gunners this transfer window.
Another alternative is Bukayo Saka, but Crystal Palace don't see the deal as anywhere near good enough for a player of such standing. "I don't know if he's spoken to the club [asking to leave]", said Hodgson, speaking at the City Ground.
Arsenal may be looking at the bigger picture here and a season of regular Premier League football could do Nelson the world of good in the long run. "But I would always put up a fight to play - that is what I've done all my life".
And Iwobi is no stranger to overcoming adversity, despite being told he would never make it in the Arsenal academy.
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Iwobi spoke at the recent Africa Cup of Nations where his Nigeria side finished third, and outlined his desire to prove his doubters wrong when he returns to north London.
Sources have told the outlet that the Emirates club will need to offer more cash up front and include a player as a permanent signing in addition to the loan arrival.
Iwobi has also been criticized by some sections of Gunners fans who moan when he fails to produce his global form for his club. I respect that and I am not one to retaliate.
Nigerian's chances of earning substantial playing time under Emery.
"However, if I'm told to play on the left or the right, or left-back, like I have sometimes, I will always do my best". I think he is back after we play Bristol City [on July 27] and before we play Hertha Berlin [on August 3] - that gives him his three weeks off.