Arsenal have rejected an offer from Barcelona for skipper Cesc Fabregas.A statement from the Arsenal website, issued on Wednesday, said: "Yesterday evening we received an offer from Barcelona for Cesc Fabregas.
"In response, we immediately and resolutely told them once again we have no intention of selling our captain."
The Arsenal statement added: "To be clear, we will not make any kind of counterproposal or enter into any discussion.
"Barcelona have publicly stated that they will respect our position and we expect that they will keep their word."
The Catalans have said that they went into “formal” talks with the Gunners over the Spanish midfielder on Tuesday.
"An informal conversation with Arsenal became formal on 1 June and now an official approach has been made to the club," said a Barca spokesman.
"Before 1 June, under English rules, we could not make an official approach to Arsenal for Fabregas, but that changed on Tuesday.
"I don't think there is a special advance on, say, the price or anything, but it has moved on now."
Joan Oliver, general director at Barcelona stated on the club's website: "Everybody knows that Cesc wants to sign for Barca and that we also want him to come here, but there is also a third party involved - Arsenal. Any agreement has to be with them.
"We've now made a formal written offer, which we presented to Arsenal yesterday [Tuesday] afternoon."
Barcelona's vice-president, Rafael Yuste, added: "I'm optimistic that he'll be able to sign for Barca as soon as possible and it's clear that everybody here will give him a warm welcome.
"We'll do nothing that might make it more difficult for him to come here and we won't rush things - but we won't stop either."
Skybet give 1/20 odds that Fabregas will leave for Barcelona after the summer transfer window, while Betfair give 5/4 odds that the Arsenal skipper will stay with his current club.