Arsenal have made an offer in the region of £10m for Newcastle midfielder Yohan Cabaye.
The Magpies are yet to formally reject the offer for the 27-year-old France international but they view it as derisory and plan to turn it down.
Arsenal, who lost their opening game of the season 3-1 at home to Aston Villa, have declined to comment but are looking to reinforce their midfield.
The Gunners have been hit by injuries to Mikel Arteta and Abou Diaby.
Newcastle have no appetite to sell Cabaye, but will not rule out the sale of any player following their experiences with Andy Carroll in 2011.
Having insisted the striker was not for sale at any price, they sold him to Liverpool for £35m on the last day of the January transfer window.
Arsenal’s only summer signing to date remains 20-year-old French striker Yaya Sanogo on a free transfer from Auxerre, while numerous players have left Emirates Stadium.
Arsene Wenger’s side play the first leg of their Champions League group stage play-off against Fenerbahce in Turkey on Wednesday
BBC