The Gunners rejected an approach for their star midfielder on Wednesday after the Catalan giants earlier revealed they had submitted a written offer for the 23-year-old's signature.
And reports have now emerged that the Spain international is so upset that he could enact a Fifa clause known as the 'Webster ruling' which would allow him to buy out his contract.
A statement from Arsenal clearly stated their intentions to keep hold of the talented midfielder at all costs.
The statement read: "Arsenal captain Cesc Fabregas is under contract with the club until the summer of 2015. He is a highly valued member of the team and part of our future plans.
"However, [on Tuesday evening] we received an offer from Barcelona for Cesc and in response, we immediately and resolutely told them once again that we have no intention of selling our captain.
"We will not make any kind of counterproposal or enter into any discussion. Barcelona have publicly stated that they will respect our position and we expect that they will keep their word."
Barcelona director Rafael Yuste however declared that the Gunners' rejection of their first offer would not put them off further attempts to snap up their man, fuelling fire to the speculation that this tug-of-war will continue to rumble on.
"We won't be hasty but nor will we let up," said Yuste. "The ball is in Arsenal's court now and as we have an exceptional relationship with them I am optimistic."
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