The Moroccan international, who has netted 15 times for his country, has been the subject of one of the longest running transfer sagas of the close-season.
Chamakh, whose 13 goals last season helped secure a first league title in 10 years for les Girondins, has made no secret of his desire to leave the Stade Chaban Delmas.
The Gunners have already seen a €7 million bid for the front-man rejected, with the striker beleived to have flown to London over the weekend to try and force through a move to his dream club.
However, Bordeaux chief Jean-Louis Triaud has insisted that, while they would be willing to sell Chamakh to the Emirates Stadium outfit, Arsene Wenger will have to stump up a lot more cash, believing the forward to be worth at least €15 million.
“One thing is certain, I will not add one more year to my contract," he said, as reported by L'Equipe.
"If they will not let me go now, I will go to free at the end of the season. If we can not find a solution quickly, everyone will lose.
"Playing at Arsenal is my dream. I am nearing the end of my contract and the club want to make this a monetary matter.
"What Bordeaux are asking for is not reasonable. I am angry and even disgusted, I do not understand why people are doing this to me.
"Ever since I have been playing football I have given everything for the club and the supporters. I think I deserved more consideration."
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