Arsenal have made a move for Valencia fullback Jose Luis Gaya ahead of the summer market.
But Gaya has turned down the advances of Arsenal.
Real Madrid have also expressed their interest in the 25-year-old Spain left-back, but Tribina Deportiva claims Gaya has no intention of leaving the Mestalla.
Gaya reportedly wants to remain at Valencia for the foreseeable future.
The defender is regarded as one of the most saleable assets Valencia possess.