The Koln striker has been linked to a move to Arsenal for several months, however Podolski said that he did not want to move in the January transfer window, for fear that it could disrupt his form ahead of Euro 2012.
However with a contract that expires in the summer of 2013 and with frustration growing over Koln's relative lack of ambition, Podolski is widely expected to move on in the summer.
Reports emerged in the last few days that Arsenal manager Arsene Wenger was going to be given a hefty transfer budget of over £50 million for the summer.
Wenger has faced criticism from all quarters for failing to significantly reinvest in a squad that lost star players Cesc Fabregas and Samir Nasri last summer. With Arsenal struggling in the league this campaign and almost certain to go out of the Champions League at the hands of Milan, it is clear that major recruitment is needed before the start of next season.
Equally adept as playing as a main striker or out wide on the left, Podolski's signing, if confirmed, would be a significant boost to Arsenal fans.
Podolski, 26, has already appeared 95 times for Germany, amassing an impressive goal tally of 43. He has also been in blistering form for his Bundesliga club this season, netting 15 times.
Podolski returned to Koln, the club where he started his career, in 2009, after three disappointing seasons with German giants Bayern Munich.
Podolski was not named in Germany's latest squad to face France on Wednesday, due to injury.
Arsenal have also been linked in the past few days with Podolski's international team-mate Mario Goetze, as well as Belgian starlet Eden Hazard.