Talks between the Gunners and the 27-year-old Welshman broke down last month after the club withdrew a contract offer which had been on the table for several months.
Emery has said that he does not expect the contractual situation of the squad's longest-serving player to affect Ramsey's performance levels. That's all I am concentrating on'.
Both Liverpool and Manchester United are interested but it is the Reds who have been made the favorite with the bookmaker odds.
"Would I stay for the rest of the season?"
But those talks were shelved and the Wales worldwide is now set to become a free agent next summer, although Arsenal could attempt to cash in on the 27-year-old midfielder in the January transfer window.
Ramsey might look to follow in his former teammate's shoes and move to Liverpool in January; a transfer which might answer Klopp's question of where the creativity in midfield will come from between now and the end of the season. Things happen in football and you just have to get on with it and carry on playing the best you can.
"We thought we were in a position where we had agreed a deal, but that is no longer the case".
Ramsey is free to negotiate with teams overseas from January 1 while he could leave at the turn of the year to a club in England for a cut-price. Ramsey joined Arsenal from Cardiff in 2008 for £5m and has won three FA Cups, scoring the winning goals in the 2014 and 2017 finals against Hull and Chelsea respectively.