Arsenal have rejected the offer of a transfer fee by Manchester United, according to reports.
Manchester United have made a bid for French winger Zlatan Ibrahimovic, but Arsenal have refused to pay the required sum in order to secure his services.
The move comes after Manchester United had previously expressed interest in the 28-year-old, who has scored 41 goals for the Gunners this season.
However, Arsenal's refusal to pay the required amount has left them with no choice but to reject the offer and focus on securing their future without any new signings.
It is understood that Arsenal will now be looking elsewhere for reinforcements as they look to strengthen their squad ahead of the upcoming season.
In the meantime, Manchester United may be considering other options in the transfer market, such as signing another attacking player or investing in youth development.