Dzeko was one of the hottest strikers in Europe last season as his 26 goals in 32 appearances helped Wolfsburg win the Bundesliga title and both Arsenal and City have made an approach, according to his agent, Irfan Red?epagi.
However, despite their riches a move to City would be out of the question as the player wants to play in the Champions League next season, something he could do with Wolfsburg and the Gunners.
"It is not realistic for Dzeko who is a leading player in Germany and due to perform in the Champions League to opt for an average club like Manchester City," Red?epagi revealed. "Arsenal is the other case. We will discuss their offer seriously.
"I will talk over the weekend with Eden and we will see what is best for him. On Monday it is back to the negotiations with Wolfsburg."
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