Cabella has scored seven goals and made eight assists in 30 Ligue 1 appearances for Montpellier this season and Arsène Wenger is believed to be a keen admirer of the playmaker.
But Montpellier deputy chairman Laurent Nicollin has dismissed the suggestion that Cabella could follow striker Olivier Giroud to north London by insisting that the French club are determined to keep the midfielder.
“He is non-transferable. We try to anticipate and plan things, even in football, but it’s complicated,” Nicollin told RMC.
“The desire of the club is to keep Remy – he was told and knows this. If a club arrives and offers €100m, it will be discussed though.”
Meanwhile, Auxerre forward Yaya Sanogo has described Arsenal as a “great club” at which to further his career after Wenger confirmed the Gunners are close to a deal for the 20-year-old.
Sanogo said: “Arsenal could be a great club for me. I scored nine goals this season with Auxerre and they think I can improve my level in England.
“There are many teams interested in me, but Arsenal is my choice.”