"In five months, if he doesn't prolong his contract, Chamakh will be free to talk to any club and Bordeaux won't get anything," the Frenchman told L'Equipe.
"In the current context, to me, it is over. Let's say that at the moment it is terminated.
"I like Chamakh, he is a forward that attracts me, but I already have (Theo) Walcott, (Nicklas) Bendtner, (Robin) Van Persie, (Andriy) Arshavin and Eduardo. I am in no rush.
"My offer seems fair to me, taking the market into account. Chamakh would be good, but there are other options should we wish to pursue them."