Arsenal and Barcelona have agreed to disagree and resume further talks next week to negotiate the transfer of Cesc Fabregas after a meeting in London failed to bring any resolution to the long-running saga.

Nou Camp vice president Josep Maria Bartomeu flew back to Spain on Thursday after failing to talk Emirates chief executive Ivan Gazidis into cutting his asking price.

The European champions have indicated they are only willing to pay €37.5 million including performance-related add-ons for the midfielder. But Arsenal are unwilling to budge on their €45m valuation of Fabregas, according to goal.com.

Further talks are planned in the next seven days, and could take place as early as this weekend.

Signing Fabregas is now the priority for Barcelona after they completed the signing of Alexis Sanchez from Udinese on Thursday.

The main sticking point to the deal is that Barcelona are unwilling to meet Arsenal's demand for a straight cash deal of €45 million and prefer a package based on performances.

Fabregas has been left in limbo as he waits for his future to be resolved.

It has been confirmed that the midfielder will be absent from the Arsenal squad that flies from Luton airport on Friday lunchtime to Cologne for a five-day training camp in Germany.