The Gunners are believed to be on the hunt for a new goalkeeper ahead of next season as Petr Cech may soon face an exit.
Though a number of top clubs are interested in Oblak, he has admitted that he doesn’t know quite where his future lies this way giving the Gunners a boost.
"It's tough to discuss the future," Oblak said to reporters.
"It's not easy to talk about what's going to happen tomorrow never mind what will happen next season, but I am calm and the situation depends on Atletico - nobody knows the future.
"There's nothing new, there have been a lot of things said and written about a new contract but the only confirmed situation is that there is nothing new.
"I have a contract that I signed two years ago, but now I must wait to see what Atleti's plan is," he said.