Arsenal have reportedly told Barcelona that they are unwilling to meet the terms set out for a possible loan deal to bring Philippe Coutinho to the club.
The 27-year-old has been heavily linked with a return to the Premier League, having struggled to live up to his price tag at Barcelona and not impressed enough to earn a permanent deal at Bayern Munich, where he is currently on loan.
Chelsea are still regarded as favourites for Coutinho's signature, while a host of other Premier League clubs have also been linked with a move.
ESPN claims that Arsenal, Tottenham Hotspur and Manchester United have all been offered the chance to sign the Brazil international on loan.
However, Barcelona are reportedly demanding a loan fee of £10m and for Coutinho's entire weekly salary of £250,000-a-week to be covered - terms which Arsenal have rejected.
Barca are also thought to be open to selling Coutinho permanently for around half of the £142m they paid to sign him from Liverpool in January 2018, although that price is still likely to be too high in the wake of the coronavirus pandemic.
