The Germany Under-21 international has reportedly attracted interest from Arsenal and Juventus with his good form in the Bundesliga this campaign, but his agent Karl Herzog says that his client is happy with the Wolves.
Arnold is under contract until 2017 and Wolfsburg's general manager Klaus Allofs has confirmed that the player does not have a release clause included in his contact.
The forward has been in good form this season, scoring six goals in 14 matches for the side who compete at the Volkswagen Arena.
Herzog told kicker-Sportmagazin: "Max is with Wolfsburg and he is doing fine. He definitely enjoys all the qualities of the club and they know all of his qualities."