Arsenal chairman Peter Hill-Wood says the club have lost patience with Barcelona in their pursuit of Cesc Fabregas.
The Gunners may even call off the transfer if a suitable bid is not made soon.
“We are getting close to that,” said Hill-Wood to the Daily Star.
“[Barcelona] have been messing about for a year and a half now and they have got to make up their minds.
“The ball is in their court. They have made one bid of around £26m and another rather tentative one.
Hill-Wood considers the bids derisory in comparison to the market price of other playmakers, such as Javier Pastore, Wesley Sneijder, Paulo Henrique Ganso and Luka Modric.
“If they want to buy the player they are going to have to pay the right price – and when you look at what is being paid elsewhere I don’t think what we are asking is at all unreasonable.”