Arsenal manager Arsene Wenger insisted Atletico Madrid's offer for forward Jose Antonio Reyes was "not serious enough to be considered".

Gunners vice-chairman David Dein confirmed the offer for the 22-year-old Spain international had been turned down on Thursday night, and suggested Reyes may stay at the Emirates Stadium this season. Wenger was equally convinced Atletico were way off meeting Arsenal's valuation of the player.

He told Arsenal TV Online: "Atletico Madrid has not made a serious offer and that offer is not considered at all by us. It is not serious enough to be considered."