The Southampton youngster has become a much coveted prospect in English football this season and attracted interest from several Premier League clubs during the January transfer window.
Arsenal were believed to be favourites to secure the midfielder’s services after the player’s father Mark Chamberlain labeled Wenger’s side as the “ideal choice” for his son.
But Southampton’s rigid demands which included a £10 million fee and the condition of keeping Chamberlain on loan at the club until May is what looked to have broken down any deal with Arsenal.
And Arsene Wenger has admitted defeat – for now at least – in his chase of another recruit from St Mary’s following Theo Walcott’s in 2006.
“He is one of the players I liked personally but we could not get any further with him so I cannot give you (media) any more news” Wenger said.
The Frenchman though, may not end his pursuit of the gifted midfielder and when asked whether he will make a second move for Chamberlain in the summer, Wenger was coy on his plans.
“We will let you know (if we will go back for him in the summer)” he said.