Arsenal look to be staring down the barrel of a difficult summer in the transfer market, with Barcelona ruling out selling Pedro.
The Gunners had been linked with the winger, who had previously said he would consider a move away from the Nou Camp.
However according to Spanish newspaper El Mundo Deportivo, Barcelona are not willing to consider selling the Spanish international for any price, leaving Arsenal and fellow suitors Liverpool to look elsewhere for their next summer target.
Arsenal fans are already on edge after it was confirmed that they had passed up the opportunity to re-sign Cesc Fabregas, who is now a Chelsea player following his £27 million switch yesterday.
With no new arrivals in sight, Arsenal fans may be fearing that Arsene Wenger could leave his business to the last day of the transfer window, as he did with Mesut Ozil last year.
Other Arsenal transfer gossip:
Arsenal are set to make a £5million bid for Liverpool stopper Pepe Reina (Mirror)
Arsenal are set to battle it out with Liverpool and Chelsea for Schalke youngster Max Meyer (Metro)
Arsenal will take home more than £5 million from Cesc Fabregas' move to Chelsea (Daily Mail)
Arsenal are in talks to re-sign Carlos Vela from Real Sociedad - but are likely to then sell him straight on (Mirror)
Manchester City have confirmed that Bacary Sagna will join them when his contract expires with Arsenal.
Santi Cazorla is keen on a move to Atletico Madrid. He could move for €20 million (Express)