Spanish youngster Fran Merida says that he is holding contract talks with Arsenal and no one else.
The 19-year-old midfielder has been linked with a move to Atletico Madrid and it has been speculated terms were agreed.
However, the teenager insists that staying at the Emirates is his top priority and that he remains hopeful of reaching an accord.
Although the Spain Under 21 starlet is free to agree a pre-contract agreement elsewhere he wants to see how talks with Arsenal progress before deciding his fate.
"At the moment I am in talks with the boss. I told him I needed a bit of time," explained Merida.
"The first thing in my mind is definitely to stay here, but I have to look at a few things and we will see how things progress.
"My agent and I are only talking to Arsenal at the moment, though, and nobody else - I want to see how my situation looks here and then I will decide what to do."