Neil Lennon has addressed Arsenal's ongoing pursuit of Kieran Tierney, insisting that Celtic remain 'comfortable with the situation' as it stands.
The Gunners have identified the highly-rated left-back, 22, as a key target this summer as they look to bolster their defensive options.
Arsenal recently returned with a renewed offer for Tierney believed to be worth around £25million including several add-on payments, but were once again rebuffed by Celtic, who want more money upfront.
Hoops boss Lennon was quizzed about the protracted saga during a press conference held at the Lennoxtown training centre in advance of Wednesday's Champions League first qualifying round second-leg tie against FK Sarajevo.
"The club's valuation of Kieran has not been met and until then we don't have a decision to make," he said.
Pressed on if he anticipated another bid from Arsenal, Lennon added: "I don't know what Arsenal's financial state is.
"I know what ours is and we are quite comfortable with the situation at the moment.
"There has been a second bid, the bid has been rejected and it's as you were."
