Gunners get Real on prospect of Vieira exit
Neither club have made any official comment, despite a radio station in Spain reporting that Real president Florentino Perez and Arsenal vice-chairman David Dein had negotiated a £23.1 million (€35 million) deal for the midfielder.
Highbury sources "insist no formal agreement had been reached" but with no concrete confirmation or denial the speculation is unlikely to subside swiftly.