Arsene Wenger insists no deal has yet been agreed to bring Russian international Andrei Arshavin to Arsenal - but remains hopeful of a successful conclusion to the protracted saga before the transfer window closes.
Zenit St Petersburg have made it clear they are willing to sell the wantaway 27-year-old playmaker, at the right price. However, the Gunners remain resolute in their offer of £12million plus add-ons and, as yet, no further improved bid has been tabled amid reports of Arshavin being ready to slash his wage demands in order to push the move through.
Asked if Arsenal had agreed a fee with Zenit, Wenger declared: "No, and we have not applied for a work permit yet for Arshavin or anybody else."
He added: "Whether we are close or not has little meaning - it does not matter how close you are, what is important is that you agree. At the moment, we have no agreement with anybody for any transfer.
"We are always confident, we try our best and respect our budget. "If we can find an agreement, we will do it, if we cannot we will not overspend what we have planned to do."
Wenger, though, indicated there could yet be movement ahead of the midnight deadline on Monday.
The Arsenal manager added: "These kind of stories sometimes develop in the last minute on the final day of the transfer window. It is very difficult to predict.
"I can only give you the way we think on our side. I cannot give you what other people think."
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