Arsenal turned down the chance to sign Real Madrid goalkeeper Iker Casillas this summer, according to the Daily Star.
The Spain international was heavily linked with a move away from the Santiago Bernabeu during the transfer window, after falling out of first-team favour under the previous stewardship of Jose Mourinho.
Mourinho left Real Madrid to rejoin Chelsea at the end of 2012/13, but that didn't stop rumours about Casillas's impending exit.
Gunners boss Arsene Wenger was credited with an interest in bringing the 32-year-old to the Emirates Stadium, to provide competition for current first-choice Wojciech Szczesny.
However, when Real Madrid made contact with Arsenal about a possible deal for Casillas, the French tactician was quick to end negotiations, having already agreed a season-long loan move for Palermo stopper Emiliano Viviano.
Now Real Madrid are keen to convince their long-term custodian to stay in the Spanish capital, despite the fact Casillas is still back-up to Diego Lopez under the new management of Carlo Ancelotti.
First-team coach Zinedine Zidane is a big fan of Casillas, and is hoping to twist his arm to stay and fight for his place in the Real Madrid first-team.
Had Arsenal concluded a deal for the goalkeeper, he would have been the second Real Madrid player to arrive in north London during the summer, after completing the club-record signing of Mesut Ozil for £42.4million.