The Gunners are looking to recoup some cash during the final days of the summer window after splashing out more than £200million on fresh faces.
According to French media outlet Foot Mercato, Pepe has ruled out the possibility of joining Besiktas before Friday’s 11pm deadline as he was not interested in linking up with the Turkish giants.
Respected journalist Paul Brown recently told GIVEMESPORT that Pepe is aware he has no future at the Emirates Stadium, while an exit in the coming days would not come as a surprise as he is surplus to requirements.
Although the winger became Arsenal’s club-record signing when he sealed a £72million switch from Lille four years ago, his time in north London has not gone to plan.
Pepe was sent out on loan to Nice last season, where he racked up nine goal contributions in 28 outings, but the Ligue 1 outfit opted against attempting to strike a permanent deal, and he has returned to the Gunners.
The 28-year-old has entered the final 12 months of his £140,000-per-week contract, meaning Arsenal could see him walk away as a free agent next summer if they are unable to sanction his exit ahead of the fast-approaching deadline.
What has Michael Bridge said about Pepe?
Bridge believes terminating Pepe’s contract if Arsenal are unable to find a buyer ahead of the transfer window slamming shut could prove costly.
As a result, the Sky Sports reporter understands the north Londoners have made getting Pepe, who has suitors in La Liga, and Rob Holding off their books a primary objective.
Bridge told GIVEMESPORT: “Because it was such an expensive deal, I do wonder how much it would cost Arsenal to terminate his contract.
“They’re doing everything in their power to get him a move. There has been interest from Turkey and a bit of interest from Spain.
“I think offloading Pepe and, obviously, Rob Holding will be Arsenal’s priority in the final few days. They are on the market but, at the moment, they’re struggling to find a new home.”