Ramsey is free to negotiate with teams overseas from January 1 while he could leave at the turn of the year to a club in England for a cut-price.
The Welshman was expecting to come through negotiations with an improved contract which would see him earn a similar amount to Arsenal's highest-paid player, Mesut Ozil.
The Serie A champions are six points clear at the top of the table in Italy and manager Massimiliano Allegri is a huge fan of 27-year-old Wales global. Of course, yeah. I am contracted to Arsenal and I am going to do my best now this season to try and achieve something special.
"That's all I am concentrating on and giving my best for Arsenal".
Dubai test: Siddle provides breakthrough but Pakistan still dominate
After going through a few quite overs, Asad Shafiq broke the shackles with a huge six over midwicket off Nathan Lyon. With a mountain to climb, the openers once again looked solid and played risk-free cricket to lay a good foundation.
The Welsh midfielder has been subject to interest from Man United in the past, nearly moving to Old Trafford instead of Arsenal as a youngster.
"Everything has been going great with the club".
"We thought we were in a position where we had agreed a deal, but that is no longer the case".
Emery has said that he does not expect the contractual situation of the squad's longest-serving player to affect Ramsey's performance levels.
The attacking midfielder has most recently been nursing a groin strain, but should be available for selection for the Reds' next game against Huddersfield Town in the Premier League.