The Frenchman has said he will remain at Lyon for at least one more year, in light of reports he could leave following the club's drop into the Europa League.
Lyon entered the Europa League after Remi Garde's men were humbled 4-0 on aggregate by Real Sociedad in their Champions League playoff -- with Mexican Carlos Vela scoring three of those goals -- prompting speculation that potential suitors could rekindle their interest in the Frenchman.
The 22-year-old was heavily linked with a move to Premier League outfit Arsenal earlier in the summer, but, with days to go in the transfer window, Grenier, whose contract expires in 2016, has ruled out a last-minute departure from Stade de Gerland.
"There is no question to ask. I will stay at least one more season," Grenier told RMC Sport. "It will be complicated [when I want to leave], but then I must ask the president [Jean-Michel Aulas]. But I am happy in Lyon."
Grenier initially put the rumors regarding his future to bed by signing a two-year contract extension in July with the French power.