Since the arrival of Edouard Mendy in 2020, Arrizabalaga has fallen down the pecking order at Stamford Bridge and is now regarded as a backup option for head coach Thomas Tuchel.
According to the Daily Mirror, the 27-year-old is seeking regular first-team football and as that is not guaranteed at Chelsea, the Blues are willing to listen to offers for the Spaniard this summer.
The report adds that Arrizabalaga is earning around £150,000 per week, and if the goalkeeper were to leave on loan, then any interested clubs would need to be willing to pay the majority of his wages.
Arrizabalaga is hoping to force his way into Luis Enrique's Spain squad for the 2022 World Cup, and having not featured for the national team since July 2020, the goalkeeper may struggle to break into the 26-man squad if he spends more time on the substitute' bench.
The former Athletic Bilbao man is believed to be a target for Ligue 1 outfit Nice, while Maurizio Sarri's Lazio have also been credited with an interest in the stopper, who Chelsea bought for a world-record fee of £72m in 2018.