The winger is currently out of favour under Mikel Arteta and is set to leave the club.
The Dutch outfit were initially keen to sign Manchester United’s Amad Diallo, but after the move collapsed they have moved quickly to sign Nelson.
Sky Sports journalist Dharmesh Sheth has claimed that Nelson will sign a one-year contract extension before joining Feyenoord.
Arsenal forward Reiss Nelson to sign one year contract extension (to 2023) before joining Feyenoord on season long loan. Feyenoord moving quickly after pulling out of Amad Diallo deal. @ChrisWheatley_ 👏👏👏 #AFC #Feyenoord #ReissNelson
— Dharmesh Sheth (@skysports_sheth) August 30, 2021
Transfer expert Fabrizio Romano has also provided an update on the situation.
⚠️ …but Nelson has to extend his contract with Arsenal before leaving on loan. Talks ongoing.
— Fabrizio Romano (@FabrizioRomano) August 30, 2021
Nelson is way down the pecking order at Arsenal and it seems unlikely that he will come into contention in Arteta’s plans anytime soon.
The youngster enjoyed a successful loan spell with Hoffenheim in 2018/19. He went on to make 22 appearances for the Gunners during the next campaign, netting three goals.
The news will come as a blow for Crystal Palace.
The Sun recently claimed that the Eagles were looking to sign him on a loan deal. However, they didn’t come up with an official bid.
Nelson was once regarded as the next big thing, but he has seen Emile Smith Rowe and Bukayo Saka become regular starters at the club.
A move away looks like a sensible decision.
Palace are desperate to sign Eddie Nketiah from Arsenal, and they have also made a bid for Odsonne Edouard.