Arsenal look set into being forced to wait until the summer for the chance to land Norwich star Emiliano Buendia.
Buendia has been a key player in the attack for the Canaries this term who currently top the Championship at the half-way point of the season and are in good shape to book an instant promotion back to the top flight following relegation last season.
The 24-year-old has scored seven goal from 20 Championship appearances this term, while also providing seven assists.
But according to Goal, the Canaries' valuation of £40million for the Argentine has put the Gunners off making a move this month although they are likely to plan a swoop in the summer.