Leicester City manager Craig Shakespeare offered no comment on Friday when asked about reports that Arsenal midfielder Mohamed Elneny had rejected a move to the club after a £10 million transfer fee had been agreed.
Elneny, 25, has three years left on his current deal after moving to the Emirates from FC Basel in January 2016.
According to the Leicester Mercury, Shakespeare simply said "no comment" when asked about Elneny's status during a press conference in Hong Kong before the Premier League Asia Trophy final against Liverpool.
The Egypt international made 12 starts in 24 appearances for Arsenal last season, including eight starts in 14 appearances in the Premier League, but turned down a move that would have likely guaranteed him first-team football.
Reports in The Sun earlier this week indicated that Leicester were discussing personal terms with Elneny before he decided to stay in London.
ESPN FC Arsenal correspondent Mattias Karen's take: "Elneny would certainly get more playing time at Leicester, but he seems to be happy at Arsenal despite only being a bit player in Arsene Wenger's team. Wenger also remains a fan of the Egyptian, but the Gunners do need to trim their squad ahead of a season with no Champions League football and £10 million would be nearly double what they paid for Elneny a little over 18 months ago. From the club's point of view, a sale would make sense as there's a long list of players ahead of Elneny in the pecking order -- but they certainly won't be upset if he stays, either."