Cedric Soares is determined to stay with Arsenal.
The full-back has seized opportunities at the Emirates this season and could spurn advances from other teams.
Clubs both in England and abroad are interested in the former Southampton defender.
Correio da Manha reports that a source close to the player told the outlet: "It's speculation. There are no offers. Cedric has no interest in leaving Arsenal."
Newcastle are believed to be interested in the 30-year-old but face competition from Porto.