England ace Wilshere was loaned to Bournemouth at the start of the season after Gunners boss Arsene Wenger told him he could not guarantee him first-team football.
And it is understood there has been no contact from the club over a new deal, despite the north Londoners initially indicating they wanted to open talks.
Milan have already made their interest known as have Everton with Manchester City also considering making a move in the summer.
But while Wilshere’s future is in the balance, Gunners team-mates Olivier Giroud, Laurent Koscielny and Francis Coquelin have all signed new deals.
“Francis has made tremendous technical strides over the past few years because he’s so focused every day.
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Jack Wilshere joined Bournemouth on loan to get first-team football
“Laurent is of course a key part of our squad and I believe one of the best defenders in the world today. So overall, this is great news for us.”
