Thomas Partey will decide on his future this month, August amid strong interest from Arsenal, Foootballghana.com can confirm.
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The 27-year-old has been a target for the Gunners this summer after a torrid campaign.
This week, Arsenal submitted a bid plus a player but the bid was rejected by the Atletico Madrid hierarchy.
Partey has a buy out clause of 50 million euros with a contract until 2023.
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After returning to training this week, Partey is expecting to miss their quarterfinals Champions League game against Leipzig.
Juventus, Manchester United and Inter Milan are all interested in the midfielder.