Although a previous Metro report last month revealed that Montpellier owner Louis Nicollin had denied selling his best and in-form players, a new report has claimed that the club will let both the players go if they receive a good amount of money from other interested clubs.
With both players being valued at $15.93 million (£10 million) each, both of players, nearly single-handedly, took Montpellier to the top of Ligue 1 where they are currently sitting with three points clear of Paris Saint-Germain (PSG).
Gunners' manager Arsene Wenger has sent his scouts nearly seven times this season to watch and rate Giroud and have been tempted by his release clause. But the North London side will know that the player has also generated interest from German Bundesliga club Bayern Munich.
Belhanda, on the other hand, has been targeted by PSG but the Gunners are hoping to make breakthrough by acquiring the player's services as soon as the current season ends. There is also a possibility for this as Arsenal are expected to let go Mexican forward Carlos Vela and Russian Andrey Arshavin at the end of the season and the amount generated could be used to make a bid for Belhanda.
However, all the interested parties are certain that the players' club will increase the price tag on both and are expecting a high bidding war.