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Bacary Sagna is yet to make a decision over his future and has said there is a 10 per cent chance he could remain at Arsenal.
The right-back is out of contract at the end of the month and has been linked with Manchester City, Paris Saint-Germain and Monaco.
Arsenal are also understood to have made various offers to the 31-year-old but have failed to match the three-year deal put in front of Sagna by Manchester City.
Despite that the France international, who is preparing for this summer's World Cup, has not ruled out extending his seven-year stay with the 2014 FA Cup winners but says his future will be decided one way or another before things kick-off in Brazil.
"My situation will be sorted out before the World Cup, but I haven't signed for anyone so far. I have agreed with no one," said Sagna.
"I don't have any agreement with Manchester City or with anyone else. I have never set foot there. Several European and English clubs have contacted me.
"Certain talks have gone further than others, and Manchester City are among them. But today, I'm still an Arsenal player.
"Today, there's a 90 per cent chance I will leave and 10 per cent that I will stay.
"I have been asking myself that question for a long time, and it's the time for a new challenge."
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Sagna was a regular in the side during a season in which the Gunners secured Champions League football and their first trophy for nine years. The win over Hull City at Wembley appeared to be Sagna's last for Arsenal with the player waving a teary farewell to supporters after the match.
"Arsenal is an extraordinary club that has given me the chance to grow, both in sporting and human terms. It's a family club, I feel good here," added Sagna.
"I've had some very good years here. We all have our own destiny and I will try to find mine. Whatever happens, Arsenal will stay forever in my heart."
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