Fabio Coentrao's return to Real Madrid means manager Zinedine Zidane is not interested in making a move for Wolfsburg defender Ricardo Rodriguez, the International Business Times believes.
The 28-year-old will make a return to Spain after his loan spell with Monaco came to an end this summer.
This means Arsenal and Manchester United are expected to go head-to-head in a £20million race to sign the Switzerland international.
The Gunners are at the moment strong favourites to secure the services of the left-back who wants to enjoy Champions League football next season.
On Wednesday, Rodriguez confirmed that he will take a decision after the Euro 2016 Championship.
"I'm only thinking about the European Championship," he told Sport Bild.
"What will be after that, will be."