Arsenal owner Stan Kroenke says he is "100 per cent committed" to the Premier League club and will not be selling it, amid interest from the founder of music streaming service Spotify.
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Fans of the club have called for Kroenke to leave after he was one of the instigators of the ill-fated European Super League project.
Swedish billionaire Daniel Ek, who founded Spotify and is an Arsenal supporter, has said on Twitter he would be "happy to throw my hat in the ring" if Kroenke wanted to sell.
Ek has also reportedly enlisted the help of former Gunners stars Thierry Henry, Dennis Bergkamp and Patrick Vieira.
But Kroenke and his son and business partner Josh Kroenke hosed down speculation on Tuesday.
"In recent days we have noted media speculation regarding a potential takeover bid for Arsenal Football Club," Kroenke Sports & Entertainment said in a statement.
"We remain 100 per cent committed to Arsenal and are not selling any stake in the club. We have not received any offer and we will not entertain any offer."
The Kroenkes said their ambition "remains to compete to win the biggest trophies in the game".
"Our focus remains on improving our competitiveness on the pitch to achieve this," they said.
Arsenal was one of 12 founding members of the Super League, along with English clubs Manchester United, Manchester City, Liverpool, Chelsea and Tottenham.
All six withdrew their from the league last week, two days after it was officially announced.
More than 1000 Arsenal fans protested outside Emirates Stadium on Friday, before the Premier League against Everton, calling for Kroenke to quit.
Arsenal is 10th in the 20-team Premier League.
Australian Associated Press
