The midfielder has been on loan at the Brazilian club, where he started his career, since 2011 and will have been away from the Emirates for two years when his current deal is up.
The 24-year-old, who struggled with injuries and fell out of favour towards the end of his Arsenal stay, hopes the uncertainty over his future will be resolved soon.
"I will see out my contract (with Sao Paulo) which ends on June 30, 2013. But I don't know what will happen after that," Denilson told Globo Esporte.
"I hope my situation is solved quickly so I have nothing to worry about and so I can remain calm for the rest of the season."
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