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The Algerian winger is one of the summer window’s most in-demand players, and is being chased by a host of European giants including Arsenal, Chelsea and Barcelona.
It was recently claimed that he was holding out for a move to Camp Nou, but now he has welcomed interest from Wenger and urged the Gunners to table an official offer.
‘It’s an honour to receive compliments like this from such a big manager in world football,’ Mahrez explained in an interview after winning the Algerian Golden Ball.
‘But there’s a big difference between an offer and speculation, so there is nothing on the table at the moment.’
Mahrez went on to explain that he has an agreement with the club that he will be allowed to leave this summer, having fulfilled everything he set out to at Leicester, and is ready for a new adventure.
‘The chairman and I agreed that I would stay another year at the club and that he would let me leave at the end of the season,’ he continued.
‘I think it would be the right time for me to leave, I have experienced everything at this football club.
‘I went from the Championship to the Premier League, I stayed up with the team the next season, we won the Premier League, I won the PFA player of the year award, I played the Champions League, so we did something quite exceptional.
‘So for me, it would be the right time to leave. The club and I are on the same page regarding my future so we’ll see. I don’t really want to get into these things so we’ll see what the future holds for me.’
Asked about whether there had been any concrete bids for him, Mahrez admitted there had not been and even suggested it was possible he would remain at Leicester despite wanting to leave.
He added: ‘A number of clubs have shown their interest, even last season when I stayed at the club. I’m not here to say which club has spoken to me, even I still don’t know.
‘I’m still at Leicester City for the time been, I’m still under contract so we’ll see what happens next. If I have to go, I’ll go but if I have to stay then I’ll stay. I should be leaving but I still don’t know where so we’ll see.’