Crystal Palace are determined not to lose Wilfried Zaha this summer.
Zaha wants a move and has asked Palace to let him join Arsenal.
But The Sun says chairman Steve Parish fears selling Zaha could wreck his plans of finding new owners.
Cash-strapped Arsenal could not meet the asking price of £80m-plus unless they sold Pierre-Emerick Aubameyang or another star player.
And even then a deal would be hard to do because Zaha's future is tied up with the four-way battle to buy into the South London club - despite him pleading to be allowed to leave.
Buying out wantaway American investors Josh Harris and David Blitzer and other shareholders, plus clearing some debt, would require north of £200m.