It's reported the Gunners made an offer worth €65m, which director of sport Gianluca Petrachi seemed to confirm when speaking to Sky Sport Italia this afternoon.
"He is going nowhere". "We'll see what happens in the future but we intend on keeping [Belotti]".
Belotti now has a €100m buy-out clause in his existing deal, and it is understood that Torino will keep hold of their player for the season unless Arsenal go insane for his signature.
"I do not think so", Ventura told Corriere della Sera.
TURIN, ITALY - DECEMBER 22: Andrea Belotti of FC Torino looks on during the Serie A match between FC Torino and Genoa CFC at Stadio Olimpico di Torino on December 22, 2016 in Turin, Italy. And he has done well in national colours as well, scoring three times in five appearances so far.
In turn, it's no surprise that he's attracting interest from around Europe, and speculation this week did link him with a move to Arsenal.
Belotti recently signed a new deal with Torino which is said to contain a release clause of around £85million.
Arsenal have denied making a club record £55million bid for Italy global Andrea Belotti.
Danny Welbeck made a return to the first team fold after missing eight months of action with knee injury, and Lucas Perez is in the mix too.