The England Under-21 centre-half has made three Premier League appearances for the Gunners since his £2.5 million switch from Bolton in the summer, though Arsene Wenger is keen for him to find regular football elsewhere.
Holding has found his playing time limited at the Emirates, with Laurent Koscielny and Shkodran Mustafi the mainstays in the heart of the Arsenal defence, but has made three appearances in the League Cup. 