Manager Arsene Wenger says signing Borussia Dortmund forward Pierre-Emerick Aubameyang is "not a possibility" for Arsenal.
Reports have emerged this week suggesting that Aubameyang topped an Arsenal shortlist of possible replacements for forward Alexis Sanchez.
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Sanchez will become a free agent when his contract expires in the summer and it has been suggested that Wenger may decide to sell him in January, rather than lose the Chile international for nothing in the summer.
However, when asked on Friday if Aubameyang was a possible Arsenal target, Wenger said: "No, it is not a possibility."
One player Wenger would like to see at the club come the end of the transfer window is forward Theo Walcott.
The England international has not featured regularly for the Gunners this season and has been linked with a move to his former club Southampton.
But Wenger said: "I want him to stay.
"I heard about that [the Southampton link] but personally I want him to stay."