Arsenal have been rebuffed in an attempt to sign Shakhtar Donetsk ace Douglas Costa, according to the player's agent.
The Brazil Under-20 midfielder caught the eye for the Ukrainian side this season during their run to the Champions League quarter-finals and has been linked with a move away this summer.
And, speaking to Calciomercato.com, his agent Cesar Bottega has claimed that Arsenal have approached Shakhtar with a swap deal involving out-of-favour midfielder Denilson.
The 23-year-old has announced his desire to leave the Emirates after failing to cement a place in the
Gunners' midfield and will almost certainly depart before the start of the season.
It had been reported that Arsenal have already offered Denilson in a swap deal for fellow Shakhtar midfielder Willian, who is also Brazilian.
But Douglas Costa's agent now thinks that Arsenal are after a different Samba star from the club's ranks - but they won't get him unless they pay up.
Bottega said: "The Gunners have offered the club Denilson in exchange for Douglas but Shakhtar said no. They are not interested in Denilson and would want only money."