Luis Gustavo
Luis Gustavo (L)Reuters

Arsenal and Manchester United midfielder target Luis Gustavo has insisted that he is happy to remain with current employers Wolfsburg, despite interest from bigger European clubs.

The Brazilian midfielder, who moved to Wolfsburg from Bayern Munich in 2013, was subject to interest from Premier League clubs this summer, but the Bundesliga club have managed to hold on to their player.

Arsene Wenger has a long-standing interest in the midfielder and was linked with a move for him during the summer transfer window as he was seeking a long-term replacement for Mikel Arteta.

Apart from the Gunners, United were also interested in the midfielder following their failure to capture primary target Arturo Vidal.

It is believed that the Premier League clubs will reignite their interest during the January transfer window, but will have to meet the £27.5m release clause in the former Bayern Munich midfielder's contract.

However, Gustavo has dismissed rumours of a move away and insisted that he is happy to remain in Wolfsburg as he 'identifies' with the city and the club.

"I am very happy, VfL Wolfsburg is a great club to play for and I like living in Germany and the German mentality," Gustavo said, as quoted by the Express.

"I feel my future is here and I am able to imagine playing on for many years, because I identify with the city of Wolfsburg."

"Wolfsburg is a workers' city, this suits me," the Brazilian international added.

Meanwhile, Arsenal skipper Mikel Arteta shared his disappointed with the Gunners' performance in the 2-0 loss against Borussia Dortmund in the Champions League on Tuesday. The north London club were overrun by the German team and the midfielder admits that their poor passing was the main reason for the loss.

"They've got a lot of pace and put us under a lot of pressure up front. We gave the ball away too many times in our own half. They took the game where they wanted to take it and that's disappointing for us," Arteta said, as quoted on Arsenal's official site.