Crystal Palace manager Roy Hodgson has said that Arsenal are yet to make a bid “anywhere near Wilfried Zaha’s valuation”.
The Gunners submitted a £40m bid for Zaha, but Palace rejected the offer.
Hodgson was speaking after his side’s 6-2 friendly defeat to Barnet, with the majority of the squad made up of U23 players.
He said: “I don’t think Arsenal have actually made a bid that has come anywhere near our valuation.
“I’m sure the player realises that if someone’s going to take him away from us, he’ll expect clubs to pay the market value.
“Until someone does that, there’s not much to discuss regarding Wilf.”