The Evening Times reports that the Gunners tabled a fresh offer on Monday but were turned down by the Scottish champions again.
Celtic aren’t keen a payment structure involving various instalments and add-on clauses and insist they are under no pressure to sell the 22-year-old.
Tierney is understood to be intrigued by the prospect of a move to the Emirates, but the transfer now appears to be off after sources close to Arsenal said they are ready to walk away and focus on fresh targets.
Serie A giants Napoli have also been linked with a move for the Scotland international and could now be tempted to table a bid.
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