And he’s revealed he was advised by people around him to call time on his Arsenal career.
"My situation was weird," Iwobi recalled for Arsenal’s matchday programme.
"There was three of us at the time and we were basically told: 'Stay if you want, or if not you are free to go'.
"It was up to me and at that moment I went to the Crystal Palace training ground to see them.
Arsenal transfer news: 'I had THREE offers to leave - people said Gunners did not love me' (Image: GETTY)
Arsenal transfer news: 'I had THREE offers to leave - people said Gunners did not love me' (Image: GETTY)
"I had offers from Celtic and Southampton as well.
"Celtic was the main one but I wasn’t ready to go to Scotland.
"I thought it was best to stay at Arsenal but I have to say it felt weird.
"I was playing for England but I felt maybe I wasn’t rated.
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Unai Emery: Alex Iwobi has the ambition to do more
Arsenal transfer news: 'I had THREE offers to leave - people said Gunners did not love me' (Image: GETTY)
"My England team-mates and everyone else was getting in my ear saying that Arsenal don’t love me because they weren’t offering me a deal.
"It was hard especially because at school as well everyone was talking about it."
Iwobi was benched for Arsenal’s 1-0 win over Huddersfield at the Emirates last weekend.
And he will be eager to regain his starting spot when Emery’s men round off their Europa League group stage fixtures by facing Qarabag on Thursday night.