Robin van Persie's future at Arsenal is hanging in the balance after the Netherlands striker announced Wednesday he will not be extending his contract with the Premier League club.

Speculation has been rife over the future of the forward, who is entering the final year of his contract.

Arsenal manager Arsene Wenger stated the importance of keeping Van Persie at the club earlier this month but the 28-year-old Dutchman has decided against prolonging his deal.

Van Persie told his official website: "I've thought long and hard about it, but I have decided not to extend my contract.

"You guys, the fans, have of course the right to disagree with my view and decision and I will always respect your opinions."

The striker had previously kept quiet over his future and refused to commit to a decision until Wednesday.

Van Persie says he has chosen not to extend his deal following talks with Wenger and chief executive Ivan Gazidis over the club's plans for the future.

He added: "I have kept quiet all this time out of respect and loyalty for the club and as agreed with Mr Gazidis and Mr Wenger, but since there is so much speculation in the media, I think it is fair for you guys to know what's really going on at the moment.

"As announced earlier this year I had a meeting with the boss and Mr Gazidis after the season. This was a meeting about the club's future strategy and their policy. Financial terms or a contract have not been discussed, since that is not my priority at all.

"I personally have had a great season but my goal has been to win trophies with the team and to bring the club back to its glory days.

"Out of my huge respect for Mr Wenger, the players and the fans I don't want to go into any details, but unfortunately in this meeting it has again become clear to me that we in many aspects disagree on the way Arsenal FC should move forward."