When asked about a possible big money move for Fabregas, Rosell was coy on the subject.
"Will we sign Cesc [Fabregas] this summer? I'll tell you in June," said Rosell.
The Catalan club have tried to regain the services of the midfielder from the Gunners for several years after letting him leave Camp Nou when he was 16.
Indeed the Gunners were forced to reject a bid for Fabregas from Barcelona last June, insisting they had no intention of selling their captain, despite the midfielder having indicated a desire to return to his homeland.
Since then Fabregas has helped guide Arsenal into third place in the Premier League where they currently trail leaders Manchester United by four points despite having played a game more than the Red Devils.
Arsene Wenger's side are also in the semi-finals of the League Cup, although defeat to Ipswich Town on Wednesday sees them trail by one goal ahead of the second leg at the Emirates as Arsenal look to end their six-year trophy drought.
Yet despite his club's progress this season, Fabregas has slumped in the Castrol Rankings and is now rated only as the 52nd best player currently plying his trade in one of the top five leagues in Europe.