The Sky Sports pundit has taken to Twitter with an update for the Gunners.
And that means there is 'no way' he will go to Arsenal, according to the journalist.
Indeed, hopes rose that the Frenchman could be flying to the Premier League after he posted a picture of himself on a private jet on his Instagram account recently.
But Balague's latest update will disappoint those members of the Gunners faithful that genuinely held hope of the 27-year-old joining Arsenal.
For those asking: no chance whatsoever of Benzema leaving Real Madrid this summer (so no way he will go to Arsenal)— Guillem Balague (@GuillemBalague) July 30, 2015
Benzema is one of the most recognised centre-forwards in world football, exactly what many feel Arsenal are short of when it comes to a title challenge.
It always looked unlikely the Frenchman would leave Real Madrid, though, and that applies for any window as opposed to simply the current one.
But many might have said the same about Mesut Ozil before he joined Arsenal, so one man's word isn't gospel. Ian Wright and Rio Ferdinand also shared a joke on Twitter recently about Benzema, with both hoping he would join their former clubs.
According to Balague, however, all Benzema - Arsenal hopes must be put on hold for another window at least...