Bendtner has not made a first-team appearance for Arsenal since August 2011 and has spent the past two seasons on loan at Sunderland and Juventus respectively.
He endured a difficult past campaign with Italian champions Juventus, and now finally appears to set to leave Arsenal permanently.
The Denmark international has confirmed the Gunners have agreed to let him go and he is now deciding which club to join.
"I am talking with five or six clubs at the moment over a permanent transfer," Bendtner is quoted in the Metro.
"Things are agreed with Arsenal and I will decide which club I sign for in the next two weeks."
Bendtner has scored 43 goals in 157 appearances for Arsenal, but was never able to establish himself in the starting line-up before his loan moves.
Turkish outfit Besiktas have been linked with a bid for the 25-year-old, while reports claim clubs in France, Germany, Holland and Portugal have shown an interest.