Celtic manager Neil Lennon insists the club are comfortable with their stance on Kieran Tierney after rejecting a second bid from Arsenal.
The Hoops are thought to value the left-back at #25million with the structure of the latest bid failing to tempt them to sell the Scotland international.
Lennon said: "The club's valuation of Kieran has not been met and until then we don't have a discussion to make."
When asked whether he expected Arsenal to return with a third offer, Lennon said: "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."
Lennon also revealed he had cleared the air with Olivier Ntcham following an interview the French midfielder did in his homeland.
The France Under-21 international was quoted as saying he had been disappointed a move to Porto broke down last summer and wanted to test himself at a higher level.
Ntcham returned on Monday following an extended break on the back of international duty and has spoken to Lennon about the situation.
"He was disappointed with the way it came across, that wasn't his intention," Lennon said.
"We have had a nice chat, a private chat, and it's not an issue now. He is back in the group and training and getting ready for the new season."