But Barcelona remain interested in the right-back, who was on their books as a youngster between 2003 and 2011.
However the Gunners are unwilling to sell the 22-year-old.
Barcelona admit a move for Arsenal star Hector Bellerin would be difficult
And the Catalan giants will find it very difficult to sign Bellerin, according to the club’s sporting director.
"Of course Hector is a good player but it would be very difficult," Fernandez told Mundo Deportivo.
"He is well known.
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“He is playing at a great level but there are also other players that have good characteristics."
Barcelona are yet to find a replacement at right-back for Dani Alves after he left to join Juventus last summer.
Sergi Roberto and Aleix Vidal have both been used on the right side of the defence by Luis Enrique this term, but they have failed to convince.