Schalke 04 have confirmed that Max Meyer will "definitely leave" the club when his contract expires at the end of the season.
The 22-year-old has been with the German outfit since the age of 14, making 145 Bundesliga appearances for the club and scoring 17 goals since breaking into the first team.
However, he has been unable to come to terms over a new deal in Gelsenkirchen, and sporting director Christian Heidel has now confirmed that he will leave on a free transfer this summer.
"Max Meyer will definitely leave Schalke this summer," Heidel told reporters at a press conference.
"We're dealing with the situation very professionally. It's all been very amicable."
Meyer - who is a Germany international - has been heavily linked with a move to Arsenal in the past, but the Gunners are expected to face stiff competition for his signature from the likes of Liverpool, Atletico Madrid, Roma and Bayern Munich.