Alisher Usmanov has not given up in his pursuit of majority control at Arsenal, according to Sky Sports.

67-year old Usmanov has had a £1.3bn bid to increase his 30% share in the Gunners rejected by the majority owner, American businessman Stan Kroenke.

The Ukrainian billionaire was shut down publicly yesterday when Kroenke's holding company KSE UK released a statement that explicitly stated that his shares "are not, and never have been, for sale."

However, the report suggests Usmanov remains unmoved by Kroenke's stance and will meet with his advisors this week to evaluate his options.

Gunners fans have protested the ownership of Kroenke and manager Arsene Wenger throughout the season.

In last month's Bloomberg magazine, Usmanov insisted that Wenger should be allowed to pick his own successor at the club because the Frenchman is Arsenal's "main icon and asset."

"Some continuity is needed," said Usmanov.

"This includes the need to prepare a successor for Wenger, but in a very respectful way. I can suggest that Wenger himself can prepare a successor."