Bolton boss Owen Coyle is confident Gary Cahill will only be sold if it is the 'right business' for Bolton Wanderers. Coyle said the reported £6m-£7million bid from Arsenal could not even be described as 'derisory', although Wenger subsequently insisted he had offered more than that figure.
The Scot is prepared to grant the centre-half's wish of a move to the top flight, but only once Bolton's valuation of the 25-year-old is met.
"Gary's representatives had been made aware there had been a so-called offer, but given the amount that was talked about I don't call that an offer," said Coyle.
"If I make an offer for someone I do it in writing so you know exactly where you are with it.
"It is fair to say the dialogue was nowhere near what the football club would even consider for Gary Cahill to leave Bolton Wanderers.
"I am very respectful of Gary's wishes in this as well.
"I totally understand he wants to play at the highest level and Arsenal are an elite club, a club I think he would probably slot into with tremendous style because he is such an accomplished player.
"He is more than capable of playing in a team of that stature. But it has to be done at the right business for Bolton Wanderers Football Club.
"It was way, way short and I must stress the word way as it was a million miles short of what Gary Cahill's valuation is."
