The midfielder has decided to continue his career at the Ligue 1 giants, while Jean-Michel Aulas has revealed Bafetimbi Gomis, Jimmy Briand and Yoann Gourcuff could all leave
Arsene Wenger recently admitted he was attracted by the prospect of bringing the 22-year-old to the Premier League, but Grenier has decided to extend his stay with his current club.
“I have had a good last six months but I still have a lot to learn here.”
“I am very happy to continue working with Clement Grenier. Hopefully we can help him progress further.”
Club chairman Jean-Michel Aulas then went on to reveal a number of high-profile players are likely to leave the club ahead of the new season.
France international trio Bafetimbi Gomis, Jimmy Briand and Yoann Gourcuff have all been linked with departures in the close season and Aulas is welcoming offers for all three.
He added: “Bafe and Jimmy Briand are awaiting departure. For Yoann Gourcuff, we are looking for opportunities.”