This was the greatest part of his time with the Gunners, with the 26-year-old is said to be open to a new challenge.
A number of clubs across Europe, including Paris Saint-Germain and Real Betis, have been linked with a move for the Spaniard.
According to Marca, Atletico Madrid will have to take part in the race for the right-back, and when they are gone, with Kieran Trippier, or, Sime Vrsaljko, this summer.
The La Liga champions want to work with trippier, and English international a little interest in extending his contract beyond the end of the season.
In a situation in a realistic way, this is going to be able to exist there Bellerin is going to replace Trippier, and with It to making a small profit.