Benjamin Sesko has chosen to stay at RB Leipzig despite interest from Arsenal and Chelsea, according to journalist Fabrizio Romano.
The 21-year-old had accrued strong interest from both the Gunners and the Blues, who looked set to battle it out for his signature.
Mikel Arteta's side are looking to improve their forward line this summer in an attempt to fight for the Premier League once again next season
However, in spite of the appeals of the Premier League, Sesko will not be their man. The talented attacker is expected to put pen to paper on an improved deal at Leipzig.
Along with the new contract, Sesko and the Bundesliga side are reported to have an unwritten agreement for the striker to leave in the future.
Benjamin Sesko is set to extend his stay at RB Leipzig after impressing in his first season
The news will come as a blow to Mikel Arteta who had been strongly linked to the 21-year-old
Sesko only arrived in Germany last summer following a four-year stint at Red Bull Salzburg - Leipzig's sister club.
After a slow start to life in the Bundesliga, the Slovenian forward burst into life in the second half of last season, scoring 18 goals in all competitions.
He netted in seven games on the trot to close out the Bundesliga season which caught the eye of several Premier League clubs, with Manchester United also sniffing around.
But the news is a bigger blow to Arsenal, who looked in the driving seat to bring Sesko to the Emirates.
With the Leipzig attacker now seemingly not for sale, the Gunners could turn their attention to Sporting Lisbon's Viktor Gyokeres.
Another target for the position, among others, is Alexander Isak, but a deal to bring the Newcastle United striker in could prove tough after his recent comments.
Arsenal are also interested in Alexander Isak but the striker has stated he is happy at the Magpies
'I am enjoying myself at Newcastle, and I had the best season in my career — that should not be underestimated,' he said to Swedish outlet Fotballskanalen. 'I love everything about the club; the fans, and the city.
'It (my future) is not something I will speculate about, I have no thoughts on leaving. There has been no talk about it at the club and I have received no information that the could would have to sell me.'