Bordeaux president Jean-Louis Triaud has rubbished reports Marouane Chamakh is set for a January move to Arsenal as a replacement for the injured Robin van Persie.
The Gunners are likely to dip into the winter transfer market following the news that Van Persie faces up to five months on the sidelines after rupturing ankle ligaments during Holland's friendly against Italy.
Chamakh was strongly linked with a move to Arsenal before the start of the season and Gunners boss Arsene Wenger angered the Ligue 1 champions in September by hinting he would make a renewed effort to bring the Morocco striker to England in January.
Bordeaux face losing the 25-year-old for nothing in the summer when his contract expires but Triaud insists they will fend off any fresh offers.
"I have no information on this matter," he told L'Equipe. "In any case it's out of the question.
"Marouane is such a decisive player, while we also have important challenges ahead of us, in the league and in the Champions League.
"If we miss out on our objectives, then we will also lose money.
"In any case, we would not do anything against Laurent Blanc's wishes."
Chamakh finished as Bordeaux's leading goalscorer last season as he fired them to their first Ligue 1 title in 10 years.