Hill-Wood - Cesc not for sale

Arsenal chairman Peter Hill-Wood insists Cesc Fabregas will not be leaving the club after the Gunners captain was linked with AC Milan.

Following the departures of Kolo Toure and Emmanuel Adebayor to Manchester City, reports had claimed that Fabregas could be the next big name to leave Emirates Stadium.

Italian giants Milan were rumoured to be planning a Ł30million bid for the Spain international, who is under contract to Arsenal until 2014.

However, Hill-Wood has ruled out selling the 22-year-old and is confident Fabregas does not want to leave the Premier League club.

Hill-Wood said: "There is absolutely no chance of us selling Cesc and all this talk is just fabrication.

"This sort of thing crops up from time to time and it is something we are perfectly used to. Cesc is happy at Arsenal, as far as I am aware."

Arsenal have only signed Thomas Vermaelen over the summer, but Hill-Wood says manager Arsene Wenger can have money to spend on further additions.

He added: "We are pretty happy with the players we have got.

"Everyone says we've got a very small squad, but we played a lot of youngsters in the Emirates Cup and not one of them looked out of place.

"Arsene is talking about adding one or two to the squad and there is a certain amount of money he has to spend.

"If Arsene wanted to buy a decent player he could, as long as the figure was not ridiculous."