Arsenal have yet to receive any official bids for Hector Bellerin this summer, The Telegraph reports.
The Spain international was out-of-favour during the back end of last season, and he is searching for a new challenge.
The Gunners are also willing to sanction his departure, but they have now received any formal bids to date.
Inter Milan are admirers of the right-back, but they are reluctant to make a permanent offer for his services.
The Gunners want around £20m for the defender. Inter prefer a loan deal with an option to buy next summer.
They have yet to make an official approach, but are well aware that the Gunners won’t entertain such an offer.
Bellerin was the second-choice right-back for the Premier League games towards the end of the previous season.
Calum Chambers was prefered ahead of him. The Gunners are already looking into a replacement for Bellerin.
They have identified Norwich City’s Max Aarons as a potential target. He could be available for around £30m.