Valencia president Amadeo Salvo has stated that Florentino Perez has assured him that the European champions don’t want the left-back.
Real Madrid have also been touted as potential suitors of the 19-year-old, who is following in the footsteps of illustrious left-back predecessors Jordi Alba and Juan Bernat at the Spanish side.
However, Valencia president Amadeo Salvo has confirmed that Gaya is not for sale and that he has spoken with Florentino Perez, who has stated that the European champions will not make a move for the youngster.
“Valencia will fight to defend its rights. Gaya is a player who is not for sale and Valencia will not negotiate with Real Madrid or anyone. There is no price on Gaya's head,” Salvo is quoted as saying by Marca.
"Valencia will not negotiate his exit because our intention is that Gaya stays at Valencia for many years. This is our position with Real Madrid and with any other club. If one day he wants to leave, it will be him that has to say something. For now he stays; this is his intention and that of his agents.
"I have asked Florentino Perez if he wants Gaya and he has told me that he is not interested. Gaya's progression is extraordinary and we are already in talks with him.”
Before current owner Peter Lim took over the club, Valencia were in financial difficulty and have been forced to sell their best players in the recent past to keep the club functioning.
However, with the La Liga side now more financially secure and looking likely to qualify for next season’s Champions League, Arsenal’s pursuit of Gaya seems doomed.