Pavard is a name and anything he has done has been while playing for France as a right back. If holding plays the entire season as a cb and maintains his current form. Then it is more about finding a left footed centre back who has pace and power to cover for Holding.
Anything he's done surely didn't come from him playing for France. He's had a stellar progression as a CB at Stuttgart, from 2. Bundesliga to 1. Bundesliga, and caught the international eye before he got called up for France. In terms of that massive hype machine and transfer buzz during the summer, that came from being a starter at RB for a WC winning France team, but he was a well known entity well before that.
He is a name, yes, but right now his football is appalling. Believe me, I've seen every game. And if I hadn't seen all of his games last season and didn't know who he is, I'd say he's one of the 5 worst defenders in the Bundesliga right now. It very well might turn off some clubs, asking questions about his consistency and ability to perform to a certain standard even when things around him are a bit shambolic.
E.g. his CB partner Baumgartl is having a bad season, too, and although overall being a worse player, deals with the chaos around him better: Baumgartl is ****e 'cause the whole Stuttgart team is ****e right now and not cause he just dropped off himself, but with Pavard it's not just like he plays in a bad defence and can't do much about it, it's like he's fallen off a cliff in regards to individual performance.
I think it's the post WC fatigue and dip in form that's gotten to him.
For 37m Arsenal should still try. Bayern will be all over him, but they don't look to good themselves right now. City love their ball playing CBs, Utd might be on the lookout for new CBs, and a Zidane lead Juve might have an interest with their ageing backline, but Chelsea, Real, Barca, PSG are all pretty set. With the release clause it'll be all about game time and being in the CL.