ARSENAL TRANSFER RUMOURS: M?Vila, Giroud, Biglia, Denilson And Martin All Involved In The Latest Speculation

My present at the moment is France, he told Goal.com. After the Euros we will see what happens with my future. There are many options open and I still don't know what will happen.

Italian giants Inter is also thought to be pursuing the Rennes defensive midfielder, while Arsenal will fear that a strong showing this summer will spark further interest. But M'Vila played down those suggestions.

We will have to talk about everything in a relaxed way but I don't think my signing for another club will depend on what happens in the Euros.

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Perhaps already growing frustrated with the protracted negotiations for M'Vila, Wenger is also rumored to be lining up alternatives. One of those would appear to be Anderlecht midfielder Lucas Biglia.

Real Madrid and Arsenal have both been in contact and I'll wait to see what happens, said the Argentine, according to the Sun.

I am still under contract with Anderlecht until 2015, but they know that I plan to leave.

If a club offers the right price, Anderlecht will let me go.

The 26-year-old, who joined last season's Belgian Pro League champions in 2006 from Independiente, is valued at £8 million.

With a midfielder seemingly certain to arrive this summer, Arsenal is likely to try and balance the squad and the books by allowing one of their existing squad members to move on. Currently the most likely candidate appears to be Denilson. After spending last season on-loan at Sao Paulo, the Brazilian was expected to return to the Emirates for pre-season training in July. But the 24-year-old still holds out hope of remaining in his homeland.

There is the possibility of maybe signing a four or five-year contract, Denilson told Estadao.

My lawyer talked to Arsenal and they asked to wait to see what happens in the Brazilian Cup before talking again.

Anything could happen. Sao Paulo are doing their best to keep me, but I prefer to focus on my work and think about that later.

I have already done my part, showing my intention of remaining here [at Sao Paulo].

With doubts persisting over the ability and futures of forwards Marouane Chamakh and Nicklas Bendtner, Wenger may well be eyeing up a new striker to take some of the reliance off of Robin van Persie. Providing, of course, the Dutchman remains at the Emirates.

Thought to be top of Wenger's wanted list is Olivier Giroud.

The 25-year-old finished joint top scorer in Ligue 1 as his club Montpellier became surprise champions last terms. A part of the French squad for Euro 2012, Giroud will also be in the shop window this summer potentially pushing his asking price up considerably.

But that value could also be increasing if Talksport's reports of Malaga's interest in the player prove to be true. Owned by a member of the Qatari royal family, the La Liga side will be involved in the Champions League next season and are sure to be prepared to spend whatever it takes in order to compete with Europe's best.

With M'Vila and Giroud already ensuring that Wenger will be keeping a keen eye on France in Poland and the Ukraine, Arsenal has also been linked with another member of the Les Bleus squad, Marvin Martin.

But the Sochaux attacking midfielder may be staying in France, with Lille said to see the 24-year-old as an ideal replacement for Eden Hazard, according to TalkSport.