Benayoun spent last season on loan with the Gunners, and while he initially struggled to make an impact the former Liverpool man forced his way into Arsene Wenger’s thoughts towards the tail-end of the season and scored three goals in his last five games for the club.
Arsenal were believed to be considering an offer for Benayoun but have failed to back up that initial interest with an offer for his services, and now he is believed to be pondering an option to return home to Israel or stay in the Premier League.
The Israeli international is expected to announce he will leave the Blues at some point in the near future, possibly in the next few days. Chelsea had set Arsenal a deadline to make a decision over Benayoun which is believed to have passed some time ago.
West Ham are believed to be interested in offering the 32-year-old a second spell at Upton Park while Maccabi Haifa are also willing to afford him the opportunity to return to a former club. Ajax are also in the running for his signature.
With Chelsea in the midst of a summer spending spree there is unlikely to be any space for Benayoun at Stamford Bridge next season.
Writing on his Twitter page yesterday Benayoun confirmed that he is hoping to confirm his plans for next season soon.