Arsenal have not applied for a work permit for Andrei Arshavin but Arsene Wenger remains hopeful a deal will be done by the end of the transfer window.
Asked if Arsenal had agreed a fee with Zenit, Wenger declared: “No, and we have not applied for a work permit yet for Arshavin or anybody else.
“Whether we are close or not has little meaning – it does not matter how close you are, what is important is that you agree. At the moment, we have no agreement with anybody for any transfer.
“We are always confident, we try our best and respect our budget. If we can find an agreement, we will do it, if we cannot we will not overspend what we have planned to do. These kind of stories sometimes develop in the last minute on the final day of the transfer window. It is very difficult to predict.
“I can only give you the way we think on our side. I cannot give you what other people think.”
Reports are positive however that Arshavin is willing to earn less, £2.5m a year as opposed to the £3.5m he originally wanted therefore paving the way for a fee to be agreed.