Unai Emery and co. The opportunity to attract the winner of the World Cup to the Premier League was lost before the clash with Manchester City tomorrow (4pm).
But despite reports to the contrary from respected journalists, RAC1 They say that Arsenal made a serious offer to sign Dembele.
According to reports, the Gunners offered 9 million pounds sterling to take the loan end to next season.
It would have returned to Arsenal another £ 80 million to make the agreement permanent a year later.
But Barcelona was convinced that Dembele would not be interested in the movement, so he decided not to inform the player.
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While the transfer window is closed for Premier League teams, it will remain open until August 31 for European teams.
And French giants Paris St-Germain are looking to take advantage by presenting their own great offer for Dembele.
The Ligue 1 champions have yet to make an official approach for the 21-year-old, but they are starting to make inquiries about a possible agreement.
But with its publication clause set in a whopping £ 360m PSG may have to break its own 200 million pound world record transfer fee spent at the Neymar firm.
According to Sport, the Parisian team hopes to reunite Dembele with Kylian Mbappe, who took the World Cup for assault in Russia this summer.
Having joined Barça from Borussia Dortmund for 100 million pounds last summer, he failed to burn the Nou Camp in his debut season.
Just a few days after making his penchant for La Liga, Dembele was ruled out for four months with a hamstring injury, before scoring four times in 23 appearances.