Jackson Martinez's agent, Luis Henrique Pompeu, has claimed the Porto striker is yet to decide his future despite recent reports in Portugal claimed the Colombian international has agreed a move to join Arsenal.
The 28-year-old striker is expected to leave Julen Lopetegui's side this summer to make a step forward in his career after becoming the Portuguese top scorer for the third season in a row, scoring 32 goals in 42 appearances in all competitions.
Porto has already signed former Rayo Vallecano striker Alberto Bueno to replace him, while officials from the club have insisted several times that they are ready to part ways with the Colombian should any club meet his €35m (£25m, $38m) release clause.
Liverpool and Tottenham were heavily linked to secure his services during the summer of 2014, while Arsene Wenger earlier this season revealed his admiration for the player amid Arsenal's interest in signing a number nine.
"Top physical strengths. Hugely efficient, he is the kind of player who can make room for himself in the box. He could play in the Premier League because he has the body to make the difference. He uses it in a very intelligent way. Very short back lift and he's a very good finisher. He's on the list of many clubs, you know that. He will be the next big transfer who will give a big smile to Pinto da Costa [Porto's owner]," Wenger then admitted.
And reports in Portugal later on May claimed the Gunners had agreed a deal in principle to secure his services ahead of next season.
But asked by Spanish newspaper Super Deporte about whether it is true Martinez has already a deal in place to move to the Emirates Stadium, his agent said: "Nothing is decided yet."
"We have to wait [till] any situation can be closed."
Recent reports claimed Jorge Mendes is ready to get involved in negotiations to ease his move away, with Valencia, United and Chelsea monitoring the situation, due to the strong relationship with the prestigious agent.
In this sense Pompeu admits Valencia would be a good option while also revealing he is expecting to meet with Porto chief Pinto Da Costa in the coming days to discuss his future.
"Valencia is an excellent option. They are a great club in Spain and Europe but it depend on Porto. Jackson still has contract with them," Pompeu added.