Arsenal chairman Peter Hill-Wood says Barcelona have been "messing about for a year and a half" over Fabregas and that his club are now close to ending the negotiations.
"They have been messing about for a year and a half now and they have got to make up their minds," Hill-Wood told the Daily Star. "The ball is in their court. They have made one bid of around £26 million and another rather tentative one.
"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."
Asked whether Arsenal are close to calling off the negotiations, Hill-Wood added: "We are getting close to that."
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