Arsenal chairman Peter Hill-Wood has blasted Barcelona for "messing about for a year and a half" over Cesc Fabregas and that his club are now close to ending the negotiations.
It had been expected that a deal would be agreed in the coming days, but Hill-Wood insists Arsenal are still waiting for a credible offer and are considering terminating the talks.
Hill-Wood told the Daily Star : "They have been messing about for a year and a half now and they have got to make up their minds,".
"The ball is in their court. They have made one bid of around £26 million and another rather tentative one.
"If they want to buy the player they are going to have to pay the right price - and when you look at what is being paid elsewhere I don't think what we are asking is at all unreasonable."
Asked whether Arsenal are close to calling off the negotiations, Hill-Wood added: "We are getting close to that."
The Daily Mirror says Arsenal have sent Barcelona an email saying any deal must be completed before August 5.
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