Denilson is free to leave Arsenal, after the club cancelled his contract by mutual consent.
The 25-year-old has spent the last two seasons on loan at Sao Paulo and had a year left on his Gunners deal, but both parties have agreed to terminate it this year.
“I can confirm Denilson and Arsenal have agreed to terminate his contract at the end of this month,” his agent, Alexandre Soares told Sky Sports.
“Denilson is free to move to another club and a number of clubs are interested in him.
“I do not want to name teams, but there is interest from Brazil as well as Russia, Italy, Germany and Turkey and I am talking to them.
“No decision has been made and we will assess all offers that come our way.
“If Denilson does stay in Brazil, Sao Paulo has the priority, but I do not rule out him moving to another Brazilian club as well.”
Denilson moved to Arsenal from Sao Paulo in 2006 and made over 150 appearances for the club.
Andrey Arshavin and Sebastian Squillaci have already left the club, as Wenger looks to reshape his squad ahead of next season.
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