The Moroccan, frequently linked with the Gunners and Newcastle before joining Dynamo Kiev last summer, hopes to seal a transfer to the Premier League
The 24-year-old, who starred for Montpellier as part of the side that lifted the Ligue 1 title in 2011-12, had often been linked with a transfer to England before moving to the Ukrainian capital last summer.
But Belhanda is already thinking about leaving Dynamo and would love to join Arsenal, who boast a host of French players including former team-mate Olivier Giroud, though admits he would settle for Newcastle.
"How long will I stay at Dynamo? I don't know. If I have opportunities to go higher, I will seize them," Belhanda told France Football.
"I am dreaming about England. Every player wants to play in England one day. I have to experience that.
"My favourite club? Arsenal, of course. It is the club of Frenchmen. Newcastle as well, but they are a step below. Manchester City and Liverpool are exciting too.
"There are so many clubs with big histories. That is England."
Since moving to Dynamo, Belhanda has scored just five goals in 16 league matches and registered only three assists in an underwhelming debut season.