Jean-Michel Aulas denies reports that the Gunners are chasing the 26-year-old midfielder and shuns speculation that Juventus are on the verge of signing Lisandro Lopez
The midfielder has struggled at the Ligue 1 side since his arrival in 2010, with injuries hampering his playing time, and reports that suggested that Arsene Wenger would offer him a fresh start.
But Aulas told BeIn Sport: "Arsenal and Gourcuff? I don't know about any offers.
"I have never spoken with Arsenal."
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"There was an offer but it didn't match our valuation or the desire of the player," he confirmed. "We can forget about that."