Montpellier president Loulou Nicollin has moved to dismiss speculation defender Emir Spahic could join Arsenal.
Bosnia captain Spahic, 29, was quoted as saying he was in talks with Arsenal, but Nicollin has described the claims as "a hoax".
"(Montepellier boss) Rene Girard got Wenger and (Arsenal scout Gilles) Grimandi on the telephone," he told L'Equipe. "They said they have not ticked his name on their list of targets."
Nicollin said, though, that should a suitable bid materialise, they will not hold the player against his will. "If he wants to leave, we won't keep him. No one is irreplaceable."
He added, however, that Montpellier would expect a huge transfer fee. "He has three years remaining on his contract. They signed Koscielny from Lorient for €12 million, and Spahic is worth three times what Koscielny is worth."
Arsenal full back Bacary Sagna had said he would be happy to see Spahic move to Emirates Stadium. "I used to follow him in French football last year and he is a good player," he said. "He's definitely good enough to play for Arsenal and everyone will welcome him if he does come."