Arsenal manager Arsene Wenger thought he had struck a deal for Pedro to join Alexis Sanchez at the Emirates last summer, only for Barcelona boss Luis Enrique to block the Spanish international's exit at the 11th hour.
Wenger is a long-term admirer of Pedro and Arsenal remain seriously interested in adding the pacy winger to their vast array of attacking options, but Enrique remains adamant the deal won't go through at this stage.
That is according to Spanish newspaper Marca, who believe that Enrique told Wenger he couldn't have Pedro during the transfer talks that saw Arsenal sign Sanchez for £35 million immediately after the World Cup.
Enrique's stance hasn't changed
From the outside looking in you can understand Pedro's frustration with life at the Camp Nou as things stand. Barca have the quite ridiculous attacking trio of Neymar, Luis Suarez and Lionel Messi all ahead of him in the pecking order, which means consistent time warming the bench for a player with 48 international caps.
Enrique was desperate not to lose both Pedro and Sanchez in the summer though, particularly with marquee summer signing Suarez banned for the first two months of the season. The 27-year-old has only started two of Barca's last seven matches in La Liga though, a worrying situation which could force him to hand in a formal transfer request without changes in the new year.
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Arsenal back in January?
You have to feel that Pedro will review his situation if he can't hold down a regular starting spot at Barca, whether Enrique wants to keep him or not.
Arsenal look best placed to add a further injection of star quality to their ranks if Pedro does ask to leave, sharing a strong working relationship with Barca if last summer is anything to go by.
Manchester United, Liverpool and Juventus have also been linked with the speed demon in recent times, with the Red Devils very much in need of more quality in wide areas, but for now the Gunners have to be considered to revive a deal they've been chasing for some time.