Mario Gotze has put paid to the prospect of a summer transfer to Arsenal by signing a contact extension with Borussia Dortmund.

The 19-year-old midfielder is regarded as the finest young German talent to emerge in a generation and, thus, has frequently been linked with a move away from the Westfalen Stadion.

Arsenal have reportedly been monitoring his progress in Dortmund with great interest and, it was claimed, Arsene Wenger was planning a formal approach at the end of the season.

However, it would appear the Gunners boss will now have to withhold any interest in the Germany international, after Gotze penned a deal that will take his stay with Dortmund until the summer of 2016.

"Everyone knows how happy I am here and I want to be part of this project," Gotze told the club's official website.

BVB sporting director Michael Zorc added: "We are very pleased that we are taking a step into the future together with Mario."

Gotze has once again been instrumental in leading Dortmund's charge towards the Bundesliga title, having captured the league crown last season for the first time since 2002.

BVB remain at the summit of the league table, some five points ahead of closest rivals Bayern Munich with five matches remaining.

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