Arsenal chairman Peter Hill-Wood says they have an agreement with Barcelona that there will be no hostile bid for Cesc Fabregas this summer.

Barca star Lionel Messi was reported as saying he believed it was just a matter of time before Fabregas returned to the Nou Camp as he "has Barcelona in his blood", but Hill-Wood is convinced a deal is not in the pipeline as the Spanish champions are happy with their current crop of players.

Speaking to ESPN Soccernet, Hill-Wood revealed that high-level talks between the clubs during their recent Champions League tie ruled out the possibility of Fabregas joining up with Pep Guardiola's side any time soon.

"There was a private conversation that took place in the boardroom and assurances have been made at the highest possible level," Hill-Wood said. "Arsenal do not expect those to be broken.

"I was not privy to the conversation, but was told about it. They said to us they are not interested [this summer]. It was a recent conversation, as recent as the time that they played us in the Champions League in fact as we got a bit upset because of all the media speculation.

"Subsequent to the conversation, if they are interested at any time in the future, they would come to us direct. However I'm not sure they are going to do that, because they told us they are pretty happy with what they have got and are pretty happy with their current players."