Sagna has a year to run on his current deal.
Regarding a possible move to PSG or Monaco, Sagna said: "It is possible. I would have to see in what conditions and what would be proposed on a sporting level. I would not leave for anything. I don't reject anything.
"If I am staying at Arsenal, I will try to achieve a good season, there is a World Cup at the end of it. If I should have to leave, it will be a new challenge."