Arsenal is believed to have rejected Barcelona's latest bid for captain Cesc Fabregas.

The Catalan giant has already seen two bids rejected for Fabregas this summer, and Sky Sports says Barca's latest offer has also been shunned.

It is believed Arsenal is standing firm on their 45million euros ($65million) valuation of Fabregas.

The latest offer from the European champion is reported to have been 29million euros plus 6million euros in future add-ons, whilst Fabregas was also believed to be putting a 3million euros sum towards the move.

But the overall package - worth 38million euros - is still some 7million euros short of what the Premier League club are demanding.