Arsenal have reportedly told Barcelona that they are unwilling to meet the terms set out for a possible loan deal to bring Philippe Coutinho to the club.
The 27-year-old has been heavily linked with a return to the Premier League, having struggled to live up to his price tag at Barcelona and not impressed enough to earn a permanent deal at Bayern Munich, where he is currently on loan.
Chelsea are still regarded as favourites for Coutinho's signature, while a host of other Premier League clubs have also been linked with a move.
ESPN claims that Arsenal, Tottenham Hotspur and Manchester United have all been offered the chance to sign the Brazil international on loan.
However, Barcelona are reportedly demanding a loan fee of £10m and for Coutinho's entire weekly salary of £250,000-a-week to be covered - terms which Arsenal have rejected.
Barca are also thought to be open to selling Coutinho permanently for around half of the £142m they paid to sign him from Liverpool in January 2018, although that price is still likely to be too high in the wake of the coronavirus pandemic. body check tags ::