Arsenal stand little chance of signing summer target Stevan Jovetic after his agent revealed there is not a release clause in his new contract at Fiorentina reports talkSPORT.
The 21-year-old midfielder, previously described as the 'Montenegrin Messi' extended his contract with the club until 2016, but reports in Italy had suggested that he would still be able to leave La Viola if another club met his valuation.
Gunners boss Arsene Wenger has been strongly linked with Jovetic - who is starting to show signs of his true potential after recovering from a potentially career-threatening injury.
A move to the Emirates Stadium has been mooted as Wenger continues his search to fill the void left by the summer departure of Cesc Fabregas and Samir Nasri - with more Arsenal recruits likely when the transfer window reopens in January.
But Jovetic's agent, Fali Ramadani told Italian website Firenze Viola that the talented winger has no option to leave the club and is happy to remain in Serie A.
"I don't see why there is talk of this when there is no such clause in his contract," he said. "The boy is happy, very happy to have agreed such an important deal with Fiorentina.
"He's more than content to have remained in Florence with this club."
Arsenal must now turn their attention to alternative options, as the north London work-in-progress continues to build a squad capable of once again challenging for the Barclays Premier League title.