Denilson is searching for a new club after cancelling his contract with Arsenal, according to his agent Alexandre Soares.
The 25-year-old midfielder, who has spent two years on loan at Sao Paulo, is said to have received global and European interest following the early termination.
"I can confirm Denilson and Arsenal have agreed to terminate his contract at the end of this month," Soares told Sky Sports News. "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."
Denilson signed for Arsenal in 2006.
