With Blackburn's relegation to the Championship officially confirmed after defeat to Wigan on Monday night, there is an acceptance within the club that a number of their best players will be looking to move on, as well as several clubs still in the Premier League ready to accommodate them.
21 year-old Hoilett, who has been an impressive force in a side battling relegation and boardroom controversies all season, has drawn attention from the likes of Arsene Wenger of Arsenal and Martin O'Neil of Sunderland.
With a contract expiring in the summer, and no new deal eager to be signed from Hoilett's point of view, a free transfer to a big club is likely.
His seven League goals and six assists provided Blackburn with a glimmer of hope of staying in England's top division next season, but in the end counted only to enhance his own reputation as a dangerous and potent attacking threat who is capable of creating chances as well as taking them himself.
Hoilett would, if Wenger is truly keen on adding him to the Arsenal squad, join the two other prominent wingers already at the club in Theo Walcott and Alex Oxlade-Chamberlain. His signing would both create competition amongst the skilful, supremely pacey attackers and add depth to a squad renowned for injuries and fatigue.