AS Monaco failed with a bid to sign long-term Arsenal target Rui Patricio this summer, according to Sporting Lisbon president Bruno de Carvalho, reports talkSPORT.
The 25-year-old goalkeeper was heavily linked with a move away from Estádio José Alvalade, with the Premier League touted as his most likely destination.
Gunners boss Arsene Wenger was credited with an interest in bringing the Portuguese international to the Emirates Stadium, to provide competition for current first-choice custodian Wojciech Szczesny.
But, after Arsenal had an £8.5million bid turned down for Patricio, they turned their attention to Palermo stopper Emiliano Viviano, who they later signed on a season-long loan deal.
Arsenal weren't the only side to fail in their attempt to sign the Sporting Lisbon star, though, with Ligue 1 moneybags Monaco also seeing an offer rejected.
"He's one of the best goalkeepers in the world," De Carvalho told Sport TV. "We had set the price for him, but the offer of Monaco was unsatisfactory.
"The point is that there are no other things to say."
According to the Daily Express, Sporting were understood to be holding out for a fee in the region of £13million, before even considering selling the goalkeeper.