The shot stopper, who was on loan at Wrexham this season in League Two, wants regular football.
While his path to a first team spot at Arsenal appears difficult, he may not be short of other offers.
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Okonkwo told the Athletic: I haven't looked too much into things at the moment. But I will, very soon.
It is about looking at all my opportunities and seeing which is the best for me.
I've loved it at Wrexham and they will stay in my heart forever. It's more of a waiting game now and seeing what is the right move for myself."