Newcastle United manager Alan Pardew has warned Arsenal it will take "world-class money" to prise Yohan Cabaye away from the club.
The Gunners have identified the Frenchman as one of a number of transfer targets, and made a 10 million pounds bid for the midfielder.
But Newcastle snubbed the offer, with Pardew going on to describe the timing of the bid as "direspectful".
And with just days remaining before the transfer window closes, the Emirates Stadium outfit has been told it will need to significantly improve upon its original offer for Cabaye.
"He either stays or he goes," Pardew told reporters. "The bottom line with a world class player is he has to go for world-class money."
Pardew also indicated Cabaye has been left out of the squad to face Morecambe in the Capital One Cup on Wednesday.
He added: "He will not play tomorrow that’s for sure."
Pardew insits that he wants a focused player on the pitch.
"The answer to this is not simple. He is either going to be sold and we have to replace him in the window we have left or he will stay," Pardew said. "As the manager of Newcastle United I have to protect him but the first thing I have to protect is club, and trust me that is first on the agenda while I am here."
The France international is yet to play a competitive game for the club this season, having also been excluded for clashes with Manchester City and West Ham.
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