Wolverhampton Wanderers have emerged as favourites to sign Arsenal starlet Reiss Nelson on loan for next season.

The 18-year-old has broken into the Gunners' first-team picture this term, and made his second Premier League start in the 2-1 defeat at Manchester United on Sunday afternoon.

Although Nelson is reportedly close to penning a new deal at the Emirates Stadium, the club are thought to be interested in getting their player an extended first-team run elsewhere.

Bookmakers Ladbrokes have made Nelson 7/4 favourite to link up with the newly-promoted West Midlanders next season.

Newcastle United are second favourites at 2/1, while Premier League hopefuls Fulham are placed at 5/1, Bournemouth at 4/1 and Leicester City at 6/1.

Nelson has made a total of 16 first-team appearances so far this season.