Arsenal are struggling to secure the signing of Denis Suarez from Barcelona.
The Gunners wanted a loan with the option to buy. But Barcelona are adamant about receiving nearly £20 million for the player.
They want a sale now - or a loan with an obligation to buy for that amount.
According to the Evening Standard, negotiations are not progressing and the Gunners may turn to other targets.
Christopher Nkunku from Paris Saint-Germain is another option.
PSG are more likely to accept a loan deal for the 21-year-old, but talks are still in the early stages.
Nkunku has started five Ligue 1 games for PSG this term, netting a goal and providing one assist in those games.