Celtic manager Ronny Deila insists Virgil van Dijk does not want to leave the Scottish Premiership leaders in January.
Celtic boss Ronny Deila says keeping his best players will take priority over acquisitions in the transfer window.
The France U21 international has made a total of 43 appearances for the Gunners since joining the club as a 17-year-old in 2008.
Coquelin was part of the Arsenal squad that won the FA Youth Cup in 2009 and made his first-team debut later in September of the same year, starting against West Brom in the third round of the League Cup.
The 22-year-old was then loaned out to French side Lorient for the 2010-11 season but returned a year later and quickly became a regular fixture in manager Arsene Wenger's matchday squad.
His Premier League debut was one to forget, coming in the 8-2 defeat against Manchester United at Old Trafford in August 2011 but his ability to operate at both left and right back saw him make a further 17 appearances that campaign.
Coquelin was rewarded with a new long-term contract in January 2012 and played a further 22 times for the north London club last season.
A brief statement on the Arsenal website said: "Everyone at Arsenal wishes Francis success for his time in Germany."