The Frenchman has insisted the defender, who recently expressed his unhappiness with the north London club's transfer policy, still wishes to remain at the Emirates Stadium
The French full-back recently criticised the north London club's transfer policy following the sale of last season's Premier League top goalscorer Robin van Persie to rivals Manchester United.
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However, the 62-year-old has expressed his belief that the former Auxerre man has no desire to leave the Emirates Stadium.
"Bacary loves the club and I think he will stay here," he told the club's official website.
"Bacary's interview doesn't reflect the love he has for this club. He has always given full commitment."
The 29-year-old joined the Gunners in 2007 following an £8.8 million move from Ligue 1.
The France international missed this summer's European Championship after sustaining a broken leg in a Premier League clash with Norwich in May.