Saint-Etienne coach Claude Puel is hopeful William Saliba can remain with the club for the Coupe de France final before he has to link up with Arsenal.
The centre-back signed for the Gunners on a long-term contract last July but immediately returned to Saint-Etienne on a season-long loan.
Les Verts progressed to the Coupe de France final before the French football season was halted by the coronavirus pandemic.
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While Ligue 1 was decided on a points-per-game basis, with Saint-Etienne consigned to a lowly 17th-placed finish, they can still qualify for the Europa League by beating Paris Saint-Germain in the Coupe de France final.