Frenchman is on the verge of a dramatic contract U-turn.
Arsenal’s hopes of signing Olympique Lyonnais midfield player Clement Grenier this summer have been dealt a huge blow after it emerged that the player is now planning on staying in France next season, says the Daily Mirror.
The north London club have been keeping close tabs on the highly rated France international for some time now, with Gunners head coach Arsene Wenger thought to be confident of bringing the attacking midfield player to the Emirates when the summer transfer window reopens for business on July 1.
The 22-year-old only has a contract with the Ligue 1 giants at present that runs until June 30 2014, and so Grenier would be entitled to leave Lyons next year on a free transfer.
However it is now believed that Grenier, who has been capped twice by les Bleus after having made his international debut for France earlier this year, has agreed to put pen to paper on a one-year contract extension that will see the Frenchman stay with Lyon for one more campaign, before he does then quit the club next year.
Grenier has been with Lyon for the past four seasons, registering seven goals and 15 assists in his 67 appearances for the club in that time.