The English shot stopper is widely expected to move in in the summer for regular football.
However, Arteta has indicated the Gunners may choose to keep him as a no.2 for next season behind David Raya.
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On Newcastle wanting Ramsdale, he stated: I'm not going to comment on those things."
He then added on whether Ramsdale could stay: Suggestion? There is a big reality that Aaron is here because he is our player and has a contract."
The shot stopper does have an agreement with the club that lasts until 2026.