Arshavin digging in heels at Arsenal
The London Evening Standard says the club are expected to listen to offers at the end of the current campaign. Although cash-rich Paris St-Germain and Anzhi Makhachkala are monitoring the situation, Arshavin's most likely destination at this stage is a return to former club Zenit St Petersburg.
Zenit, who reached the Champions League last 16 for the first time in their history this season, would welcome back Arshavin after he came through the youth teams at the club.
But it is believed that Arshavin would prefer to remain in England for another year to gain a British passport and would be open to playing for another Premier League club.