The 27-year-old looked set to joined Tottenham at the summer, but the Premier League side was not prepared to pay the £25million Zenit St Petersburg wanted for their superstar.
Arshavin’s agent has revealed that Real Madrid are leading the race to sign his client.
Latcher said: “He is being followed in England, Italy and Spain.
“Several things are happening, but we have had no concrete offers.
“Real Madrid are in pole position but we have not entered into any negotiations.”