Arsenal manager Arsene Wenger has declared that the club are not close to signing Luis Suarez, with new faces unlikely in North London before next weekend's Emirates Cup.
The Gunners have had a pair of bids for the Uruguay forward rejected by Liverpool, with their latest offer of just over £40m turned down on Tuesday.
Wenger told The Mirror: "We are ready to do quick deals but all the transfers do not depend only on us. But we are prepared to wait. It looks unlikely before the Emirates Cup.
"We still have a strong squad but we are there on the market to try to strengthen our team. With or without additions we can be title challengers next season. We are not close to signing Suarez or anybody else so there's no reason why I should talk about it.
"What we want is not a name but a good player. The name is less important. What is more important is the quality of the player. At the moment I must tell you we are not close to signing anybody. We have worked a lot but nothing has been concluded with anybody."
Arsenal finished their pre-season tour of Asia earlier today with a 2-1 victory over the Urawa Red Diamonds, concluding their Far East trip with a 100% record.