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Nacho Monreal rules out a return to Spain and is ready to extend his stay at Arsenal… as Kieran Gibbs edges towards Emirates exit

Gunners defender not interested in Athletic Bilbao switch despite arrival of left-back Saed Kolasinac from Schalke

Nacho Monreal has ruled out a return to Spain and is ready to extend his stay at Arsenal.

Athletic Bilbao had been keen to sign the defender and were confident of securing an agreement.

Nacho Monreal Arsenal

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Nacho Monreal made it clear he has no intention of leaving Arsenal

But Monreal, 31, made it clear he has no intention of leaving the Emirates, despite the signing of rival left-back Sead Kolasinac from Schalke.

Monreal, who cost £8.7million from Malaga in 2013, said: “I am very happy at Arsenal and I feel appreciated because Arsene Wenger has shown confidence in me.

“I have two more years left on my contract, with an optional third, and the idea is to stay here.

“I played in as many games as anyone at the club last season and I have been made to feel an important squad member.

Nacho Monreal Arsenal

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Monreal is currently with the Spain squad for World Cup qualifier with Macedonia

Nacho Monreal Arsenal

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Monreal lifted the FA Cup with Arsenal last month

“We made up for the disappointing league season by winning the FA Cup and we all leave for the summer feeling good.”

The arrival of Bosnian international Kolasinac as a free agent is likely to mean the end of Kieran Gibbs’ Arsenal career.

Sead Kolasinac will provide competition at left-back

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Sead Kolasinac will provide competition at left-back

The 27-year-old has one year left on his deal but knows he will not feature in boss Wenger’s starting line-up next season.

Newcastle are interested but not at Arsenal’s current £15m asking price.