Newcastle owner Mike Ashley rejected Wengerâ€™s Â£20million bid in the summer for the former Lille midfielder, which led to Cabaye going on strike at the beginning of the season.
Pardew said: "I see the price quoted in the papers but it isnâ€™t our price. We donâ€™t want to sell him, of course we donâ€™t. He is the main man here and heâ€™s got the platform to be the main man at a big club and you donâ€™t get always get that.
"Itâ€™s not strange they (Arsenal) were interested in Yohan but in the end they went with Ozil. Thatâ€™s been particularly good business for them, but I think the better piece of business was us keeping Yohan Cabaye. Iâ€™m only focused on my players."