Southampton have not received an offer from Arsenal for youngster Alex Chamberlain, manager Nigel Adkins reiterated on Friday.
The 17-year-old has been constantly linked with a move to one of the Barclays Premier League giants, with recent reports suggesting a move to the Gunners was all but secured. However, Adkins has denied such speculation.
"We had the same sort of scenario in January," he told Sky Sports News. "He was going to go in January, wasn't he? But he didn't. I think it will be interesting when does that materialise if Arsenal or whoever does start talking to the football club."
Adkins added: "At this moment in time he is at Solent University doing fitness testing with the players and I had a conversation with Alex last week, he was doing a little bit of training.
"He really loves being at Southampton. It is as simple as that. I think probably there is conversation going on in the boardroom at Arsenal about players who are probably going to leave and players that are going to leave.
"If Arsenal wanted to put a bid in I am sure they would put a bid in the right manner to the board and then this football club will decide what they want to go and do with that bad if it is offered."
Chamberlain is one of the most sought-after youngsters in British football at the moment and is believed to be valued by Saints in the region of £12million.
"We believe he is very good," he said. "The big thing is we didn't play him for the past two months of the season because he was out of injured and we had a fantastic run so that was really, really pleasing from our point of view.
"We did manage to get him on the pitch for the last half hour of the final game and you can see he is talented. He has come a long, long way in a very short space of time.
"I think the important thing is that you make sure that he keeps playing football and not get lost like so many players are lost when maybe they move on to other football clubs and they don't do what they want to do and what they love to do, which is play football and he has a great opportunity to do that here at Southampton."