With all the arrangements Arsenal is doing to secure some players and sell some, I think if they let Nketiah remain Arsenal face of the future like they did see Saka as their future project but Arteta is adamant on selling Nketiah and if you look at his performance, he is one of the best Arsenal players to come from their own academy, if they sell Nketiah the only person left as forward from Arsenal academy is Saka and what is going to happen when he sustained injury later, they might suffer another Premier League loss for the third time in a row.
I don't know what has been happening in Manchester City camp recently but I'm sure that whatever Arsenal is doing to upgrade their squad, Guardiola is doing double to be ahead. I don't trust that guy to give anyone a chance from winning the Premier League but just maybe the new changes of some coaches like Enzo Maresca, Arne Slot will bring him down with a new plan this coming season.
Some coaches are waiting till the end of the European Nations Cup to start reorganizing their team but it seems like Mikel Arteta has begun early. He has identified players that will be a surplus to his plans and the club has begun to make moves for players they need to make the team to be at its best. There are indications that the club is open to selling Eddie Nketiah if any club is willing to buy above £40m.
From my observation, Manchester City is doing everything possible to maintain the current players they have. Some key players like Phil Foden, Bernardo Silva, Stefan Ortega, Erling Haaland, and Kevin De Bruyne are been encouraged to remain in Etihad. Foden will be given an advanced contract which will make him the highest-paid English player. Bernado Silva is been enticed to remain while the club is considering extending the contract of Haaland with a £175m release clause. De Bruyne didn't rule out moving to the Saudi Professional League but the club wants him to remain at Etihad.