The Wales worldwide is in the final year of his current deal and is set to become a free agent at the end of the 2018-19 campaign.
However, Juventus are looking to better that and seal a deal in January which will see him join the Italian side on a free in the summer.
The Serie A champions are six points clear at the top of the table in Italy and manager Massimiliano Allegri is a huge fan of 27-year-old Wales worldwide.
His current contract is due to expire next June, yet after coming close to signing a new one it is believed the club have since performed a U-turn. "'That's all I am concentrating on, giving my best for Arsenal".
Ramsey is attracting interest from a host of top clubs across Europe, which speaks for the impressive reputation that the Welsh star has built over the past decade at Arsenal.
"Everything has been going great with the club. I just have to get on with it and carry on playing the best I can". We thought we were in a position where we had agreed a deal but that's no longer the case.
Reacting further, Ramsey, who is now Arsenal's longest-serving squad member insists he was not disappointed after he failed to agree a new contract was Arsenal chiefs.
The player has now returned to full-contact training with his Arsenal teammates, and is therefore expected to be available for the club's next Premier League game against Leicester City on October 22. Whilst he will be able to discuss a new contract with overseas teams in January, English teams must agree a transfer with Arsenal if they want to sign the Welshman early, similar to Manchester United's move for Alexis Sanchez last January.