The 24-year-old Denmark international, who has two years remaining on his Gunners contract, is looking to move away from the Emirates Stadium this summer after Arsenal signed forwards Lukas Podoski and Olivier Giroud this summer.
Bendtner’s agent Tom Brookes is confident that the player will “end up at a top club” and, following with their entry into the Champions League this summer, Malaga would fall into that category.
Arsenal are reported to have put a £15m fee on Bendtner, which is nothing to Malaga, who are in the market to replace Ruud van Nistelrooy who retired at the end of last season.
Malaga’s hunt for a new striker became a little more desperate on Tuesday with the news that Brazilian forward Julio Baptista will be out of action for four months after surgery on the Achilles tendon.
Baptista missed most of last season with injury problems, making only four league appearances before having surgery on his right foot in December.
No word from Malaga on how Baptista suffered this latest injury.