Zdravko Kuzmanovic's agent has played down paper talk that Arsenal are keen on the Fiorentina starlet.
With French ace Mathieu Flamini yet to sign a new Arsenal deal, manager Arsene Wenger was thought to have set his sights on the talented midfielder.
However, Kuzmanovic's agent Marko Naletilic says there is nothing in the story and that, if anything, the player's fee is likely to be of a higher valuation.
"It's a novelty even for myself at this stage in the market," Naletilic told firenzeviola.it.
"As Kuzmanovic's agent, I think that if there was really such an offer, I would have been informed.
"I might add that the valuation of the player is much, much higher."