"Arsenal is not an option and that is something both the club and I agree on," Bendtner told sporten.dk. "I expect to have found a solution to my situation before the window closes.
"There are concrete negotiations in the works. I have [turned some offers down] and there are a lot of different reasons for that.
"I have three demands and I won't sign a deal with a club who aren't prepared to fill those demands."
Bendtner's current Gunners contract expires in June 2014.