Alvaro Morata has made it clear he is not interested in a return to the Premier League as he plans to fight for his place at Juventus.
The Spaniard is currently on loan from Atletico Madrid but his time in Turin could be cut short due to Dusah Vlahovic's arrival with the Italians willing to terminate his deal.
It had appeared Morata was on the verge of joining Barcelona earlier this month, but a deal collapsed.
Arsenal have entered the equation as a result with Spanish newspaper AS reporting that Arteta tasked his assistant Miguel Molina with phoning Morata to convince him to join the north Londoners.
But the 29-year-old does not wish to return to England after a disappointing spell with Chelsea and plans to see out his loan spell with Juve, according to Sport, despite Vlahovic poised to take his place in Max Allegri's side.
Arsenal have been on the lookout for a striker this month, but they have not had any luck as multiple players have slipped out of their grasp including Vlahovic.
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Alexander Isak emerged as an alternative, a move that gathered some traction when he was reportedly spotted in London over the weekend with teammate
But Real Sociedad have made it clear Arteta's men will need to pay his full release clause of £75.4million if they want to sign the Swedish rising star.
Pierre-Emerick Aubameyang could be heading in the other direction with a loan deal to Barcelona in the pipeline, although no agreement has been reached as stumbling blocks have emerged over his wages.
Arteta has said all along Arsenal would not make any 'panic-buys' and rush into any decisions despite their shortage up front.
He said: "It’s what we planned, but the market is difficult, it’s complicated.
“We knew that, but it’s a lot to manage and we have to make the right decisions with players that we believe are going to really help us and try to bring in ones that can take us to the next level.
“We are certainly trying, but I don’t know if we’re going to be able to do it. Let’s see, it’s not only our intention, but a lot of facts that are needed to happen.
“Players that come here have to be able to take us to the next level. We already have a level, and we want to see much better standards than we already have, and that is how we’re going to recruit.”
