The 22-year-old central midfielder is wanted by a number of Premier League and Championship teams, with "several" reportedly approaching Arsenal over a deal.
He will be available on a free transfer at the end of the season as he's out of contract, but Arsenal are willing to let him leave this month for a small fee.
He's not part of Arsene Wenger's first-team plans, with the Gunners boss well-stocked in the position.
Frimpong doesn't stand much chance of breaking past the likes of Mikel Arteta, Tomas Rosicky, Aaron Ramsey and Jack Wilshere.
As a result, he's keen to move on in an effort to secure first-team football.
He has spent time on loan at several clubs, including Fulham and Wolves, but the report claims he's ready to leave Arsenal for good to start afresh.