By London correspondent Tony Hughes

Southampton legend Matt Le Tissier has urged Alex Oxlade-Chamberlain to return to Southampton if he wants regular first-team football.

Oxlade-Chamberlain has struggled to fulfil his potential since joining the Gunners in 2011 in a £15million deal.

Now aged 22, the England international has struggled with injuries during his time in north London and is currently out with a knee problem that is likely to keep him out for the rest of the season.

A well-placed source has told Football Insider that Oxlade-Chamberlain’s camp have let it be known that he could leave as he enters the final two years of his contract amid strong interest from Manchester City as well as Manchester United and Liverpool.

Southampton have also been linked with the versatile midfielder and club legend Le Tissier claimed it is a deal that could work for both parties.

“He’s a very good player,” Le Tissier told the Mirror website. “He’s obviously suffered with injuries in the last couple of seasons so he’s not really been a regular in that Arsenal side.

“If the boy wants to play regular first team football and be a first choice in the team then sure it’s realistic, it’s not like he’d be dropping down to the bottom half of the table.

“He could join a team that are challenging for European places. OK, it’s not the Champions League at the moment but we’ve certainly challenged for Europa League places over the past three seasons.”

Southampton are seventh in the Premier League with four matches of their campaign remaining, and only nine points adrift of Arsenal in fourth.

Le Tissier added to the Mirror: “It’s not as big a drop as it might have been a couple of years ago.”

Even when Oxlade-Chamberlain does regain fitness he will have to compete for a starting spot with the likes of Alexis Sanchez, Mesut Ozil, Aaron Ramsey, Danny Welbeck, Theo Walcott, Santi Cazorla, Jack Wilshere and emerging star Alex Iwobi.

In other Arsenal news, up to 10 senior player could leave the club this summer as part of a major overhaul.