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Hope for the Gunners as Bayern Munich star denies Wolfsburg switch.

Arsenal target Luiz Gustavo has denied he is set to join Wolfsburg from Bayern Munich.

German newspapers Bild and Die Welt have claimed the Brazil international has agreed to join the Wolfsburg for a fee of around €15m.

Wolfsburg, however, denied late on Wednesday that a deal had been done, with German Sky Sports News tweeting the following:

Der VfL #Wolfsburg dementiert gegenüber #ssnhd die Verpflichtung von Bayern #Münchens Luiz #Gustavo

— Sky Sport News HD (@SkySportNewsHD) August 14, 2013

The tweet translates as: ‘VfL Wolfsburg denied #ssnhd the puchase of Bayern #Munich’s Luiz #Gustavo’

Meanwhile, Gustavo appeared on Brazil TV on Wednesday evening and insisted he was yet to make up his mind over his future.

“I don’t know what will happen. Decision due soon,” said the 26-year-old enforcer.

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