Vasilyev is adamant that no agreement has been reached with any of Mbappe's suitors, with Monaco having previously threatened Federation Internationale de Football Association action against unnamed clubs said to have approached the player without their approval.
Monaco president Vadim Vasilyev: "Fabinho and [Thomas] Lemar are essential players and they will stay with us". Fabinho has been required by several great clubs, but remains he stays with us as Lemar.
And according to Talksport, Arsenal can also forget about signing Bayern Munich's Arturo Vidal this summer.
Chelsea and Arsenal have been linked with the young striker but it's believed his preference is for a Champions League club.
Wenger was keen to make Lemar his third summer signing, having already added Saed Kolasinac and Alexandre Lacazette to his squad.
While Arsenal are preparing to up their offer to get the France global, Monaco are adament they don't want to sell.
The French club have struggled to tie down some of their finest talents this summer following their impressive performance last season where they outshone Paris Saint-German by winning the Ligue 1 title.
The Gunners insist that if Lemar moves the Emirates it won't affect the Chilean. Arsenal, meanwhile have never abandoned their long-term interest in the 29-year-old.
While Monaco are stubbornly refusing to accept Arsenal's advanced for the winger, it's claimed the player is keen on a switch.