Arsenal remains confident of
The 28-year-old netted 37 goals in all competitions as Arsenal eventually secured third place, and manager
However, despite meeting with Wenger and chief executive
Both Serie A winner Juventus and Premier League champion Manchester City are said to be ready to test Arsenal's resolve with a £20 million ($30.35 million)-plus bid.
However, the Gunners - who last northern summer saw both
A brief statement on the club's official website read: "We have to respect Robin's decision not to renew his contract.
"Robin has one year to run on his current contract and we are confident that he will fulfil his commitments to the club.
"We are planning with ambition and confidence for next season with Arsenal's best interests in mind."
Arsenal is set to tour
Whether or not its captain will now be part of the travelling squad remains to be seen.
"I have kept quiet all this time out of respect and loyalty for the club and as agreed with Mr Gazidis and Mr Wenger, but since there is so much speculation in the media, I think it is fair for you guys (fans) to know what's really going on at the moment.
"As announced earlier this year I had a meeting with the boss and Mr Gazidis after the season. This was a meeting about the club's future strategy and their policy.
"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 should move forward."
The Dutchman maintained he would always 'love' Arsenal, where he had 'become a man', but insisted a fresh start was needed to fulfil his own ambitions.
"Financial terms or a contract have not been discussed, since that is not my priority at all," said
"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."
Former Arsenal winger
"He has burnt his bridges. If he comes back and they don't sell him the fans are going to slaughter him," said Merson.
Ray Parlour - who won the double twice under Wenger in 1998 and 2002 - feels Arsenal must look to quickly put the saga to bed.
"That's football these days. People move on quickly. Arsenal have to accept it and move on."
English Premier League
Michael Laudrup has urged his Swansea side to remain motivated and claim a victory against Fulham which could see it finish best of the rest in the Barclays Premier League.