Undeterred, the Blaugrana will keep working to make the player's Camp Nou return a reality and could offer far more than the 40 million euros they'd initially hoped to spend.
It is already turning into a transfer saga and these are five of the main questions which need answered.
1. Have Barcelona met with Bellerin?
While it's true that there has been a phone call to inform the 22-year-old of the club's intent to sign him and to ask about his contract situation, there has been no meeting between the Blaugrana directors and the player's agent.2. Has he promised his future to Arsenal?
There is no agreement between Bellerin and the Catalan club, nor has there even been a formal offer made to the defender, who has said that he must talk to Arsenal to negotiate with them.3. Can Barcelona afford his salary?
Not only would the transfer budget take a major hit if Bellerin signs, but his high wages could also trouble the Blaugrana, given that he is the Gunners' third-highest earner behind Mesut Ozil and Alexis Sanchez, taking home 8m euros per season.4. Will there be a meeting between Bellerin and Wenger?
At the moment, the player's focus is on the Spanish Under-21s and he has no plans to be in London, so there aren't likely to be dramatic talks between the player and the coach.5. Is the 'not for sale' response for real?
Arsenal have said that the player isn't leaving the Emirates, but it wouldn't be the first time a promise has been broken during transfer season.That said, Barcelona would surely have to offer an incredible bounty to change the London club's mind and could spend a total of over 100m euros on him, between his fee and wages, which would possibly be too much for a right-back.
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