Sevilla have no plans to lose Bryan Gil this summer.
Currently on-loan with Eibar, the winger's form has led to him making the Spain squad this past week.
AS says Sevilla sports chief Monchi wants to extend Gil's deal from 2023 to 2025, knowing Arsenal and Barcelona are watching developments closely.
Monchi also wishes to raise Gil's buyout clause from €50m to €100m.
Gil made his Spain debut last week for the 1-1 draw with World Cup qualifying opponents Greece.