Arsenal may be busy in the January transfer period, but the London club won't be making a bid on Bolton's top centre back.

According to ESPN, Arsene Wenger will not pursue Gary Cahill, as the Gunners' boss believe Bolton have put too high of a price tag on the 25-year-old English star, and described the club as greedy.

Cahill is good enough to play Champions League, but he is not someone I would be interested in, Wenger said.

I have got five central defenders - [Laurent] Koscielny, [Sebastien] Squillaci, Mertesacker, [Thomas] Vermaelen and [Johan] Djourou. Of this five, four are international players.

Arsenal and Bolton were in discussion in August about Cahill, but the talks broke off when the two clubs were wildly apart in Cahill's valuation. The Gunners had tabled an offer of just £6 million plus extras, while Wanderers was looking to move Cahill for roughly £17 million.

I'm only passing this on as a third party, but the word 'derisory' doesn't even cover it, said Bolton boss Owen Coyle, back in August about the transfer talks. When I make an offer for a player, I'd like to think in the right ball park, but this wasn't even close.

There had been recent reports that Cahill was looking to move on from Bolton, and had made indications that he wanted to play for Arsenal, Chelsea, or Tottenham.

Arsenal have been linked to Belgium defender Jan Vertongen in recent months, and the club pursued Everton's Phil Jagielka and Blackburn's Christopher Samba over the summer.