Arsenal owners Stan and Josh Kroenke said on Tuesday they remain "100% committed" to the Premier League club, are not selling any stake and have not received and will not entertain any offers.
Swedish billionaire Daniel Ek, CEO and founder of music streaming service Spotify, said last week he would be interested in buying Arsenal if the club's under-fire American owners wanted to sell the north London outfit.
British media reported Arsenal greats Thierry Henry, Dennis Bergkamp and Patrick Vieira were backing Ek's bid.
Arsenal were among six English clubs who signed up for the proposed European Super League project before withdrawing amid a storm of protest from fans, players and the British government.
Thousands of Arsenal fans gathered outside Emirates Stadium ahead of the Premier League game against Everton on Friday to protest against the owners following the north London club's part in the attempt to form the breakaway League. Arsenal lost 1-0 to Everton, which left the Gunners 10th in the standings.
Stan Kroenke has said any takeover talk is not welcome.
"In recent days we have noted media speculation regarding a potential takeover bid for Arsenal Football Club," Kroenke said in a joint statement with his son and director Josh.
"We remain 100% 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.
"Our ambition for Arsenal remains to compete to win the biggest trophies in the game and our focus remains on improving our competitiveness on the pitch to achieve this."
Former Arsenal manager Arsene Wenger said he was in favour of his former players being involved in a potential takeover and offered to help the club in any way possible.
"You have two examples in the football world, former players who run a club like at Bayern Munich or big investors who buy a club like Manchester City," Wenger told beIN Sports.
"I personally, as a football man, like the fact that former Arsenal players take over and have an advice ... I will always support Arsenal, and if I can help them I will do it as well in any way."
Proposals for a partially closed Super League involving 12 of the top clubs in England, Spain and Italy collapsed last week. Arsenal's involvement further alienated the fans who have protested against Kroenke's ownership on several occasions.
Last week, Arsenal manager Mikel Arteta said Stan Kroenke, CEO Vinai Venkatesham and other figures at the club involved in the Super League plan had apologised to the players and himself.
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ