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Arsenal have received bids for captain Robin van Persie from Manchester City, Manchester United and Juventus.
The 28-year-old Netherlands striker will not be part of the Gunners squad that travels to Asia on Saturday for a three-match pre-season tour.
It is understood City, United and Juve have tabled offers in the region of £15m, but Arsenal are keen to hold out for a fee of £25-30m.
Van Persie's contract ends in 2013 and he says he will not sign a new deal.
The striker, who joined Arsenal from Feyenoord for £2.75m eight years ago, scored 41 goals in 53 games for club and country last season.
He was also named both the Professional Footballers' Association and Football Writers' player of the year last season.
However, he suffered a disappointing Euro 2012 campaign, finding the net only once as the Dutch crashed out of the tournament after losing all three group games.
After meeting with manager Arsene Wenger and chief executive Ivan Gazidis in mid-May, Van Persie revealed he had disagreed with both men on the way the Premier League club should move forward.
"I've thought long and hard about it, but I have decided not to extend my contract," the Dutchman, at the club since 2004, wrote on his website.
"This was a meeting about the club's future strategy and their policy. Financial terms or a contract have not been discussed, since that is not my priority at all.
"I personally have had a great season but my goal has been to win trophies with the team and to bring the club back to its glory days.
"Out of my huge respect for Mr Wenger, the players and the fans I don't want to go into any details, but unfortunately in this meeting it has again become clear to me that we in many aspects disagree on the way Arsenal FC should move forward."
Arsenal are due to play games in Malaysia, China and Hong Kong over the next two weeks.
They face a Malaysian XI on Tuesday in Kuala Lumpur, then head to Beijing to face Manchester City on Friday, 27 July. The Gunners finish their tour with a game against Kitchee FC in Hong Kong on Sunday, 29 July.
Van Persie will remain in England while Arsenal are away on tour, working on his fitness at the club's training base at London Colney.
http://www.bbc.co.uk/sport/0/football/18922208