Last Updated: Tue, 27 Aug 2013 14:13
Newcastle boss Alan Pardew insists Arsenal will have to pay "world-class money" if they are to sign Yohan Cabaye.
Pardew refused to confirm whether or not the France international refused to play in the opening two games of the season against Manchester City and West Ham following Arsenal's rejected bid.
Pardew revealed that no second offer has been received and confirmed the midfielder will not feature in Wednesday's Capital One Cup trip to Morecambe.
"The answer isn't as simple as a 'yes' or a 'no'," Pardew said on Cabaye at his pre-match press conference on Tuesday.
"The answer is he is either going to be sold and we are going to have to replace him in the window that we have left, or he's going to stay.
"But I, as the manager, have to protect him and protect the football club, more importantly. The first thing on my agenda is the football club, trust me, and that will always come first while I am the manager here."
The Gunners are understood to have offered around £10million for Cabaye and reports on Tuesday suggest a second bid of £13million is imminent.
However, Newcastle are understood to value Cabaye at £20million and Pardew insists he will not be allowed to leave for a cut-price fee.
He added: "The bottom line is with world-class players if they move on, it has to be world-class money."
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