Arsène Wenger has confirmed that Atletico Madrid have lodged a bid for Jose Antonio Reyes but it falls way below his valuation of the winger.
"I don't consider that an offer," said the Arsenal manager at Friday's press conference. "I consider that an insult."
However the question of Reyes' return to Spain refuses to go away. Like the ongoing saga with Ashley Cole, Wenger had little to report and he went as far to suggest the situation was at an impasse.
"If we transfer the player I will let you know," he said. "If we don't transfer he will stay. It's as simple as that.
"I spoke to him about everything but when a player has a contract you need an agreement of three parties. You also need an offer for a player and we have had no [acceptable] offer.
"I am not annoyed because I take care of the players who play. What can I do about the players who do not play?
"It's like you wanting to marry Miss World and she doesn't want you. I can try to help you but if she does not want to marry you what can I do?
"It's exactly the same. He wants to go Spain and we have no offer, what can I do about that?"
In his programme notes on Wednesday night, Wenger suggested he had a player lined up to come in. On Friday, he added to that by suggesting any new arrival is not necessarily linked to the departure of another player.
"It depends," he said. "It's less needed but I can still buy. You can play a little with the opportunities. I can buy in January or I can buy now.
"But don't think that we don't have the money to buy anyone if nobody goes out. That's not true."Copyright 2015 The Arsenal Football Club plc. Permission to use quotations from this article is granted subject to appropriate credit being given to www.arsenal.com as the source