The European champions have first revealed their interest in the Spanish ace a month ago, after their bid to land Bayern Munich winger Franck Ribery doomed to failure.

Barcelona are yet to table an offer for their former prodigy Fabregas, and it seems the potential deal is contingent upon Arsenal's financial demands.

"It depends on how much we want to spend," said Beguiristain in Marca. "If we spend a lot of money, it is possible (to bid for Fabregas).

"We do not know how much it will be yet. We have not asked Arsenal.

"If the amount is too high, we will not try."

Fabregas, 22, have been also linked with a move to AC Milan, who are reportedly prepared to pay £30million for his services.

The international midfielder is also believed to be on the wish list of Real Madrid, who have adopted a free-spending policy since the re-appointment of Florentino Perez as the club's chairman.

However, Arsenal President Peter Hill-Wood has been adamant that Fabregas will stay put this summer.