Arsenal have been offered renewed hope in their attempts to sign Julian Draxler after Bayern Munich chairman Karl-Heinz Rummenigge denied the Bundesliga club's interest in the Schalke playmaker, reports talkSPORT.
The 20-year-old attacking midfielder has been the subject of intense transfer speculation in recent months, and it's expected that he'll leave the Veltins-Arena when the transfer window reopens this summer.
Gunners boss Arsene Wenger has been heavily linked with a bid to bring the Germany international to the Emirates Stadium, as he looks to follow up the £42.5million club-record capture of Mesut Ozil with another marquee signing.
However, Arsenal's chances of securing Draxler's signature looked to have been dealt a blow, amid rumours of rival interest from Pep Guardiola at the Allianz Arena.
But, it seems that those reports are in fact wide of the mark, with Rummenigge laughing off talk of hijacking the north London club's prospective move for the £40million rated star.
"Such rumours are ridiculous, absolutely nonsense," he said. "Every day a news item comes out and I can only laugh about it.
"We also talked about it with Schalke, and we agree on this. I just can't explain how these rumours come out. Maybe somebody doesn't sleep well at night."