AC Milan are yet to receive any enquiries from Arsenal or any other Premier League club for Mario Balotelli, according to their general manager Adriano Galliani.
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The Italy international is being heavily linked with a return to the Premier League this summer with Arsenal touted as his most likely destination.
But unless the Gunners get in touch with the Rossoneri, the 23-year-old will still be wearing their colours this season.
"Balotelli to Arsenal? There's no point in discussing rumours," Galliani told reporters during his side's 2-0 win over Monza in a preseason friendly. "We've not received any offer from the English club and unless an email arrives tomorrow, there's nothing."
Despite signing Alexis Sanchez from Barcelona, Arsenal are reportedly still keen on signing former Manchester City forward Balotelli, who hinted after the World Cup that he might leave Italy, where he says he no longer feels welcome.
His agent Mino Raiola has said that Milan need only to pick up the phone if they wish to sell the forward, although they are not likely to accept less than the 20 million euros they paid City for his services in January 2013.