The winger made six appearances in the FA Cup and the League Cup for Arsene Wenger's side last term.
Reine-Adelaide was a regular in the Arsenal Under 23s before he suffered a season-ending injury in April.
Claudio Ranieri's Nantes have also asked about the availability of the 19-year-old.
Reine-Adelaide could join Cohen Bramall, Carl Jenkinson and Emiliano Martinez who have all been sent out on loan this summer.