"Martin is being scanned today, but the initial indication is that he has a small injury in the hamstring," Clement told a news conference on Thursday.
"We will wait for the results, but almost certainly he will not be available for the weekend," the manager added.
"Renato is not available, and I also think next weekend will be a push for him, but he is showing signs of improvement."
Clement said Bony was working on his match fitness after shaking off a hamstring injury and could be ready for the clash against Brighton and Hove Albion on Nov. 4.
Swansea are 15th in the table with eight points, while Arsenal are fifth with 16 points.
(Reporting by Shrivathsa Sridhar in Bengaluru; Editing by Hugh Lawson)
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