AC Milan chief executive Adriano Galliani has insisted that the club is yet to receive of bid from Arsenal for Mario Balotelli.
The Italy striker has been heavily linked with a move to the Gunners this summer, with manager Arsene Wenger having reportedly met with the striker's agent during the World Cup.
"We have not received any offer [for Balotelli] and at this time, there is nothing from Arsenal," Goal.com quotes the CEO as saying.
Balotelli joined AC Milan last January following a spell with Manchester City.