The German side have confirmed that the 25-year-old will not be renewing his contract when it expires this summer.
Monchengladbach have also confirmed that the Norwegian international is set for a move to England.
West Ham are one of the clubs who have been strongly linked with a move for the midfielder.
— Borussia (@borussia_en) March 13, 2016
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The reputation of the Premier League means it is the most popular and one of the most watched leagues in the world.
Five English clubs will compete in the last sixteen of the Champions League for the first time ever as Liverpool, Manchester United, Manchester City, Chelsea and Tottenham face some difficult away matches.