The right-back France international is out of contract at the end of the season and negotiations over a new contract have not been going well due to wage demands from the 31 year-old.
Le10Sport is claiming that the player will get the 100,000 pounds per week which he would like but not at the Gunners, instead with Manchester City.
Inter Milan and Galatasaray were both also interested in the player's signature but the lure of money and also a probable trophy fight almost every season would be the main persuasion.
The 39 time French international has made 34 appearances this season in the Premier League for the London side with a goal and four assists being contributed as well in another solid display.