The Danish striker was released by the Bundesliga club this week.
The Danish international this week had his contract terminated by the German side after a disastrous two year spell at the club.
He only joined the club on a free transfer in 2014 after his Gunners contract came to an end, but with just nine goals in 47 games they have now decided to cut their ties.
His failure to impress on the pitch has come mostly from his off-field issues, and Allofs has admitted it was a failed experiment, but at one time they were jealous that Arsenal had him.
“Signing Bendtner was an experiment and it was not a successful one,” Allofs told Kicker. “Bendtner was a gamble worth taking. He was an extraordinary talent. We were envious of Arsenal when Nicklas was still a young player.
“But talent alone is not enough. Nicklas is a divisive figure; he is hurting his own career. Of course, we are upset and disappointed that he was unable to fulfill his potential at Wolfsburg.”
It will now be interesting to see where Bendtner will end up next given as this is the second club where his attitude has let him down.
As Allofs says, there is no denying his talent, and perhaps several clubs will take a similar stance to Wolfsburg did and consider him a risk worth taking.
Alternatively, his future may be in the Chinese Super League, with the Mirror reporting back in February that there was interest in his services from that division.