Schalke striker Klaas-Jan Huntelaar is set to reject a move to Arsenal.
The Gunners are offering £6 million for Huntelaar, whose agent has held talks with the London giants.
However, Schalke chief Horst Heldt is tipped to announce in the coming days that Huntelaar has agreed a new contract extension, says WAZ.
The Dutchman's current deal expires in June.