The Bosnian-born Luxembourg youth international has caught the eye of a number of clubs in Europe with the Gunners at the head of a list which includes PSV Eindhoven and Borussia Monchengladbach.
"It is true, there are many open options for my son," Sakib Mustafic told Avaz.
"But before we will decide, I would like to speak with Miralem Pjanic's father as he went through all this before me.
"But I can confirm that my son will play for a big European club next season. And in the next few months we will decide where he will move."