Swansea chairman Jenkins tells Arsenal Michu and Williams are not for sale. (Reuters)

Swansea City chairman Huw Jenkins has announced the club are yet to receive offers for Arsenal targets Ashley Williams and Michu, insisting the Welsh club would not welcome any late bids for the coveted duo.

The Gunners have been heavily linked with a £35m double bid for the Swansea pair having failed to add a single established player to their squad during a summer where 20-year-old Yaya Sanago has been the club's sole acquisition.

Wales captain Williams has long been linked with a move to the Emirates, speculation heightened by another defensive injury crisis which has left Arsene Wenger without Thomas Vermaelen until next month with Laurent Koscielny suspended thanks to an opening day red card.

Having seemingly failed in their pursuit of Luis Suarez the Gunners remain in the market for an established goal scorer, something the free-scoring Spaniard Michu could address.

But after a summer where his club announced their own ambition with an assortment of summer signings, Jenkins insists neither Williams nor Michu will be sold.

"Nothing has changed. There has been no contact, as far as our football club is concerned, in connection with anybody. And we wouldn't welcome any bids," Jenkins told reporters.

"The overriding point from our football club is that we are not looking to sell any of our players and they are not up for sale.

"We want to strengthen our squad, we feel we've done that and we continue to look forward to the season ahead. That has not changed."

Arsenal have endured a frustrating summer where the club have failed to deliver big signings, as promised by chief executive Ivan Gazidis at the beginning of the transfer window.

The club missed out on Gonzalo Higuain and Luiz Gustavo who chose moves to Napoli and Wolfsburg respectively despite intense interest from the Gunners.

The club also saw Lyon schemer Clement Grenier ignore interest to sign a new contract with the Ligue 1 outfit while Liverpool have resisted all attempts to sell Luis Suarez, despite Arsenal lodging two bids for the Uruguayan that would have smashed their record transfer fee.

It would appear the club will be equally frustrated in their reported pursuit of the Swansea duo, who are now likely to remain at the club this season.