Bordeaux and their new manager Gus Poyet have ruled out winger Malcom leaving the club in January.
The 20-year-old Brazilian is a target for north London rivals Arsenal and Tottenham but Les Girondins, who appointed former Brighton and Sunderland manager Poyet on Saturday to succeed Jocelyn Gourvennec, are standing firm.
Poyet revealed as he was unveiled to the media on Monday that the future of Malcom was a key topic during his interview for the job.
'I asked straight away if Malcom would be staying or not,' he said.