Denilson set to head back to Arsenal
Denilson is set to return to Arsenal this summer after São Paulo refused to meet the Gunners' £4.9million valuation for the midfielder.
The 24-year-old returned to the Tricolor Paulista on a season-long loan deal last July after struggling to hold down a first team place at the Emirates.
"Denilson won't stay," São Paulo president Juvenal Juvencio told UOL.
"Arsenal want €6million (£4.9million) for him, but we won't pay that so we expect him to leave soon."
Denilson recently admitted that he would like remain at São Paulo, but Juvencio feels that even an extension on his current loan deal would be difficult.
"Of course we will try to get the loan deal extended for another year, but it won't be easy," he added.