Arsenal are reported to have missed out on the signing of Denis Suarez after talks between the two clubs broke down.
The Gunners have been working hard on a deal that would see the winger sign initially on loan with a view to a permanent move at the end of the season.
However reports in the Spanish media late on Tuesday night suggested that talks between Arsenal and Barca had completely broken down and Suarez will stay where he is for now.
It had been claimed that Arsenal had put the move on hold and target a defender instead following the news Hector Bellerin would miss the rest of the season through injury.
Either way it would appear the move is dead and Gunners boss Unai Emery could miss out on a player that he knows well from his time with Sevilla.
Chelsea and AC Milan have also been linked with a move for Suarez, who is keen to leave the Nou Camp in search of more regular first-team football.