Crystal Palace boss Roy Hodgson insists Wilfried Zaha was "not very close" to joining Arsenal during the summer.
The Gunners made a bid of £40million for Zaha in July - a figure way below Palace chairman Steve Parish's valuation of the player.
Hodgson's side are at Arsenal on Sunday, and he was asked at his pre-match press conference how close Zaha was to moving to the Emirates Stadium.
"Not very close at all as far as I know," Hodgson said.
"I believe that the money that was offered which was widely reported was reasonably accurate, and of course that was way below our valuation."