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Borussia Dortmund has left the door open for Arsenal to sign Pierre-Emerick Aubameyang but insist certain demands have to be met.
The Bundesliga club has already rejected a bid in excess of £50m for the 28-year-old forward but says a deal could still be reached.
Dortmund’s sporting director Michael Zorc told Sky Germany: “We are prepared to implement a transfer under certain parameters, and only if these parameters are fully met.
“Arsenal has made several attempts so far [to sign Aubameyang] and they have all been rejected.
“Either our demands are fulfilled, then there can be another transfer, or they will not be fulfilled and Aubameyang will play in Dortmund until the summer.
“By the way, this has also been discussed with and accepted by the Aubameyang family.”
Arsenal officials have been in Germany this week to discuss a deal for the forward but their offer of more than £50m was rejected on Wednesday.
Aubameyang has not played for Dortmund since December 16 due to a combination of the Bundesliga’s winter break and being dropped for poor discipline.
However, Dortmund boss Peter Stoger has restored his leading scorer to the team for Saturday’s league game against Freiburg.