Monaco vice president Vadim Vasilyev has rubbished rumours linking winger Thomas Lemar with a move to Arsenal.
The Gunners made an official bid to sign the 21-year-old but it was rejected by the French giants.
Manager Arsene Wenger is an admirer of the youngster but he will have to look elsewhere after Vasilyev made it clear that the club will not sell any more key players before the end of the summer transfer window.
"I will address speculation relating to the case of Thomas Lemar," he said.
"He is staying with us.
"He is an immense talent and is essential for the team.
"We have kept all of the key players that we intended to keep."