Arsenal and Tottenham are set to be offered the chance to sign Malcom this summer after the winger confirmed he will leave Bordeaux but their interest is likely to have cooled.
Both clubs looked at the Brazilian last month but Spurs bought Paris Saint Germain winger Lucas Moura for £25million while Arsenal did not want to meet the £45m valuation and signed Henrikh Mkhitaryan.
Malcom, 20, said: "I will choose the team, and Bordeaux will let me go."
He added: "I already said that I would have liked to leave this winter to meet new challenges.