Arsenal are facing further frustration in their pursuit for Thomas Lemar, with Monaco reportedly having decided to keep him at the club.
The Gunners have, according to The Telegraph, made a third bid for the midfielder of around £45million, which has not been successful.
Monaco have spent all summer fielding interest in their top stars from the biggest clubs in Europe following their Ligue 1 triumph last season.
Benjamin Mendy and Bernado Silva have both joined Manchester City in a near-£100million double deal and £40million Tiemoue Bakayoko has also been plundered, signing for Chelsea.
Speculation persists over Kylian Mbappe, who has been linked with a world-record move to Real Madrid.
However, Monaco owner Vadim Vasilyev has reportedly had enough of selling for one summer, meaning Arsenal may now be forced to abandon their pursuit of Lemar and look elsewhere as Arsene Wenger attempts to build a squad capable of returning the Gunners to the Champions League.