The Morocco international, who has been closely linked with Arsenal and to a lesser extent with West Ham, Tottenham and Sunderland, has decided not to sign a new contract but says it does not necessarily mean he will not be at Bordeaux next season.
Chamakh was close to leaving the Stade Chaban Delmas during summer but les Girondins officials failed to agree a fee with any of the clubs who were keen on his services.
The 25-year old reveals he does not want to rush any decision on his future and is just focusing on his game at the moment.
"I have decided at the moment that I am not going to sign a new contract, but that does not mean I will not be at Bordeaux next year," he told Sud-Ouest.
"I have seven to eight months to make the biggest decision of my life and I don't want to be rushed.
"The door is open for me to stay here and nobody is pushing me out.
"I will make sure I do the right thing for my life and my career."