Teenager Ivan Fresneda has stated his intention to stay at Real Valladolid this season.
The 18-year-old is being linked with a move to Arsenal, Newcastle United, and Borussia Dortmund.
However, the Evening Standard states that despite Arsenal's attempts to discuss a transfer with Valladolid, no agreement is present.
The player recently told fans of the Spanish club: “No I'm not leaving, calm down."
The defender may be looking to wait until the summer before he decides on his future.
Fresneda is highly rated and is even being eyed by several La Liga giants.