Arsene Wenger admitted Malcolm is a ‘good player’ but played down talk that the Brazilian will replace Alexis Sanchez, and insists.
The Gunners will have to find a ‘new balance’ without the Chile international.
The Londoner’s boss is expected to lose Sanchez during the January transfer window, with Manchester United and Manchester City going head-to-head to sign the 29-year-old.
Bordeaux forward Malcolm is thought to be Wenger’s top target to replace Sanchez, and the French tactician confirmed that the Gunners would not let the former Barcelona man leave the club if they do not have reinforcements coming in.
However, he played down their pursuit of the 20-year-old winger.
‘He’s a good player but at the moment, there as well nothing is happening,’ he said ahead of Arsenal’s clash with Bournemouth.
‘We are not on that case at the moment.’
When asked about replacing Sanchez, he added: ‘Replaceable in the way that we find the same player? Probably not but there are always ways to find a different balance.
‘He’s an exceptional player, a world-class player. We have to find a new balance in the team.
‘It’s the case now [that if we can’t get a replacement, he won’t go]. You sum it up well.
‘Yes, of course [ we want a quick resolution]. It’s not the fatigue factor; it’s just I cannot tell you what I don’t know else you will come back to me and ask me why I said to you that.
‘I like to be vague and use my old experience of press conferences not to say things that I do not know.