Meanwhile, Barcelona are thought to be considering Chelsea’s Cesar Azpilicueta as a potential target.
The Catalan giants are in the market for a new full-back after Juventus sealed a deal for Dani Alves yesterday.
He said: “I haven’t raised [Bellerin] at this point.
“He’s a fantastic player who we know because he grew up here but at this time I’m not raising anything in this regard.
“Aleix Vidal was signed [last summer] thinking Alves could go. We trust in him.
The Gunners finished runners-up to Barclays Premier League champions to Leicester last term.
Arsene Wenger has already signed Granit Xhaka for £30million this summer.