Fabrizio Romano confirmed that Dortmund's interest remains high and that Nwaneri is on their shortlist. The BBC also reported that the 19-year-old is among the Arsenal players for whom the club would consider offers.
Nwaneri is currently on loan at Olympique Marseille, where he has made ten appearances, contributing one goal and two assists. The loan carries no option to make the move permanent, meaning he will return to Arsenal at the end of the season.
What happens next is unresolved. Romano was clear that Arsenal have not yet communicated anything to the player about his future. No decision has been made on whether he stays, is loaned again, or sold outright.
Dortmund's interest is not new. The Black and Yellows tried to sign Nwaneri in the summer of 2025, only for Arsenal to tie him down to a new contract through to 2030. The German club are said to have even presented him with the Jude Bellingham pathway — the suggestion that a move to Signal Iduna Park could serve as a springboard to one of Europe's elite clubs.
Arsenal's position is complicated by a broader need to raise funds. Reports suggest the Gunners are weighing up the sale of academy products — potentially including Nwaneri and Myles Lewis-Skelly — to generate income for summer reinvestment.
The concern from Arsenal's perspective is straightforward. Nwaneri is a boyhood Gunner who signed a long-term deal less than a year ago. Selling him, particularly to a domestic rival like Chelsea — who have also registered interest — would be a significant decision.
Dortmund's track record with young English talent is well established. Bellingham and Jadon Sancho both used the club as a launchpad. Whether Nwaneri follows the same path remains Arsenal's call to make.