Borussia Dortmund have told Arsenal there is no chance of Henrikh Mkhitaryan leaving the club before his contract expires.
The 27-year-old has been heavily linked with a move to the Premier League this summer having supposedly turned down the chance to discuss an extension to his contract with BVB.
Arsenal are known to be in the hunt, while there is also interest from Chelsea and Manchester United, who according to reports would be his preferred choice.
However, Dortmund chief executive Hans-Joachim Watzke says all those sides looking to land the attacking midfielder this year will be left disappointed as they do not intend to cash in on Mkhitaryan, who has another year to run on his contract at Signal Iduna Park.
Watzke told ESPN: “We have been negotiating a new deal with Henrikh Mkhitaryan for four months.
“We now know he won’t sign an extension. There was never a promise that he can leave us prematurely.
“We have intensely discussed the question of an early transfer in all club bodies and came to the conclusion that Mkhitaryan will stay in Dortmund next season.”