Wenger rates the Brazilian quite highly, and reports suggest the Gunners are in advanced talks with Bordeaux to sign the 20-year-old.
The transfer fee is reportedly €40m, with an additional €10m in performance-based add-ons, though UOL isn't sure whether this will be an outright sale or if Malcom would be loaned back to Bordeaux for the remainder of the season.
On top of that it seemed like Pierre-Emerick Aubameyang was set for a move to the Chinese Super League and Malcom was going to go to Manchester United, if indeed he was leaving France.
The Belgium worldwide, who is desperate to go to this summer's World Cup finals in Russian Federation with his country, is understood to be interesting Napoli, reports the Liverpool Echo.
However, Pochettino refused to discuss any potential move for Malcom after he refused to confirm or deny their interest in the Bordeaux winger.
Speaking about Arsenal's chances of signing Malcom this week, Wenger said: 'I don't think we are close to doing that'. I leave that to my agents, to the club. "No, I don't think so", he said. These kind of things are better when they are secret and you don't come out on it.
"If Liverpool want you to work for them tomorrow, you'd go", he told a press conference, via the Evening Standard. Bordeaux President, Stephen Martin, meanwhile described Arsenal's interest as "hot air". "They can always try, but they'll have a problem taking him from us".