The Colombian club's official says that the 20-year-old's hopes of a move to the Emirates Stadium have been "ruled out" due to work permit problems
The 20-year-old spent time on trial at the Premier League club during the close-season and turned out for Arsene Wenger's side a 3-1 friendly win over Manchester City on Saturday but Victor Marulanda has confirmed that the Colombia Under-20s internationalhas been refused a work permit and will therefore not be moving to the Emirates Stadium.
When asked about Perez's move to north London, Marulanda told winsports.co: "That wasn't possible and the player will keep working with us.
"The possibility of joining Arsenal has been ruled out."
Nevertheless, Perez could still depart the Estadio Atanasio Girardot Medellin, with Marulanda revealing that the midfielder is of interest to two other sides.
"There are two clubs interested in him, it's true," the Nacional boss added. "If there is any other concrete possibility, he will leave."