Real Madrid president Florentino Perez has revealed that Arsenal are yet to make an offer for Argentina striker Gonzalo Higuain.
The 25 year old announced his desire to leave the Bernabeu at the end of last season, alerting both Arsenal and Juventus to his apparent availability.
Arsenal are looking to sign Manchester City midfielder Gareth Barry in a cut-price deal, according to The Sun.
The England international has just a year remaining on his contract at the Etihad Stadium, and looks likely to fall down the pecking order following the arrival Brazilian international Fernadinho from Shakhtar Donetsk.
Arsene Wenger has been a long-time admirer of Barry, and was reported to be in the market for his signature when he left Aston Villa for City in 2009.