Arsenal and Everton target, Wayne Hennessey, is set to stay at Wolverhampton Wanderers. The talented goalkeeper had been expected to make a move to the Premiership.

However, Wolves boss Mick McCarthy has moved quickly to reject the speculation, despite a reported £10 million fee being in the offing.

It is understood that Arsene Wenger was looking to bring the keeper to the club to link up with Manuel Almunia as his long term successor.