Paris Saint-Germain have reportedly rejected the opportunity to sign Arsenal midfielder Matteo Guendouzi.
The 21-year-old was frozen out by Gunners head coach Mikel Arteta in the latter stages of their 2019-20 season and is expected to leave the Emirates Stadium before the October deadline.
PSG have recently been credited with an interest in the Frenchman, but according to The Telegraph, the Ligue 1 champions have turned down the chance to sign him.
Valencia are believed to have approached Arsenal over the possibility of a loan deal, but the Premier League club are allegedly keen to sell Guendouzi in order to raise funds for new signings.
An altercation with Brighton & Hove Albion's Neal Maupay after the lockdown period led to the 2018 signing losing his spot in the Gunners squad, while he finished last season training away from the first team.
Guendouzi turned out for PSG at youth level between 2005 and 2014 before leaving for Lorient.