Arsenal manager Arsene Wenger says reports claiming the Gunners have offered £123million to sign Kylian Mbappe are false.
The North Londoners are interested in the striker but have not made any offer.
The Frenchman has also confirmed that Alexis Sanchez is yet to agree a new deal with the club.
"No, a lot that comes out [about] Alexis doesn't look completely right!" Wenger told reporters.
"[So] no, that's not the case, [he didn't sign a new deal].
"[Offer for Mbappe?] That's not true as well.
"People have a big imagination. What we know now about Mbappe is that it's over £100m. After that it's free to imagine what you want. But we have not made an offer.
"It looks like he will stay at Monaco [for one season]. Too much choice maybe, so in the end people don't move!"
