Arsenal have rejected Barcelona's latest offer for midfielder Cesc Fabregas, according to Sky Sports News.
The North London club are reportedly holding out for a fee of around £40m for the Spanish international.
The 24-year-old attended the club's members day at the Emirates yesterday to face Gunners fans for the first time in three months.
He is yet to feature in pre-season although he could take part in Saturday's final friendly at Benfica.
Arsenal take on Newcastle in their first game of the new season a week on Saturday.
