The 22 year old can play full-back, centre-half or as a holding midfielder nd has impressed during a loan spell with Middlesbrough this season.
The Gunners want over £10 million for him and we have already notified the north London outfit of our interest.
Everton manager Ronald Koeman sold Chambers when he was Saints boss – although he never actually had chance to work with the player – but he is now interested in taking him to Goodison.
However, West Ham and Championship leaders Newcastle have also both informed the Gunners of their interest.
All three clubs have intimated a willingness to take Chambers on-loan if a permanent move is not an option.