According to Rotoworld.com

Gilbert Arenas says he’s nearly fully recovered from his knee surgery and that he is a candidate to win the MVP award this season.
“If we can get to 50-55 wins, I’m a heavy (MVP) candidate,” he said. “I’m going to do what I do.” Arenas is easily worth a first-round pick and will likely go in the Top 5 in your fantasy draft. An argument can be made for him going No. 1 overall, but it’s probably a choice of personal preference.