Oxlade-Chamberlain believes the Blues planned to use him at wing-back, and his primary reason for wanting to leave Arsenal is to play in central midfield.
The 24-year-old England international wants to move to Liverpool.
A bid from the Reds is expected before Thursday’s transfer deadline, although it is likely to be below the price Chelsea were willing to pay.
Should a move not transpire, Oxlade-Chamberlain will see out the final year of his contract before potentially leaving on a free transfer next summer.
Arsenal want any deal for the former Southampton midfielder completed as quickly as possible.
Oxlade-Chamberlain has started every game for the Gunners so far this season, including Sunday’s 4-0 defeat at Liverpool, when he was substituted.