The 22-year old Brazilian right-back is a reported target for the Gunners who are in the market for a new right-sided defender following the confirmed departure of Bacary Sagna.
"I'll say what is usually said, I am contracted until 2016," Danilo told ESPN Brazil.
"I am playing at Porto and have been playing well, which makes you get linked with top clubs.
"If something good for everyone comes along, we'll sit down, but for now it is just speculation."
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