Arsenal are reportedly not interested in January deals to sign either Malcom or Chelsea midfielder Cesc Fabregas.
According to a report from Mundo Deportivo, a source has told the Spanish outlet that the Gunners are not considering either player as a realistic transfer target.
Fabregas has recently talked up the chance of him returning to the Gunners should he leave Chelsea in the near future.
The player divided opinion among Arsenal fans for his decision to join Chelsea after leaving Barcelona.
The Spanish midfielder is entering the final months of his contract at Stamford Bridge and it appears unlikely that the Blues will offer him a new deal.
On the other hand, Malcom had reportedly emerged as a transfer target with his future at the Nou Camp looking uncertain.
The player is out of favour at the club and it had been suggested that he could leave on loan in January to play regular first-team football.
