The German teen, snapped up from Eintracht Frankfurt, has been linked with a move to the Gunners this week.
Spanoudakis, 15, has told Sport that Arsenal are in touch, but nothing has been signed with the English giants.
The teen also has fielded interest from other Premier League clubs and the Bundesliga.
Spanoudakis is left-sided and plays as a No10 for Barca's cadet A team.
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