Paul Scholes says Alexander Isak deserves "bigger and better" than Arsenal.
The Gunners have long been linked with the Newcastle striker, who has at times been touted as Mikel Arteta's 'dream' signing.
Isak is expected to leave Newcastle in the future, and could command a fee in excess of the £105million Arsenal paid for Declan Rice.
But Scholes believes the Sweden star is destined for greater things.
"Everyone loves him but I don’t see a possibility of him going to Arsenal," Scholes said on The Overlap. "He needs to go bigger and better.
"We’re talking about Real Madrid here, Liverpool need a centre forward. I think Arsenal would be an option but I think they would be down the list of options.
His sights should be higher than Arsenal, he is a player Man United would be looking at...
Paul Scholes
"I don’t mean that in a bad way but he’s at Newcastle, a really good team, a brilliant team, but they’re not going to win league titles, that’s the next stage of his career.
"I think it would be a risk to go to Arsenal and do the same thing. Liverpool have got a much better chance, Man City and Real Madrid the same.
"I think his sights should be higher than Arsenal. He is a player Man United would be looking at but in the position we’re in now… it’s not going to happen."
Asked by former England team-mate Jamie Carragher is Isak has already outgrown Arsenal, Scholes replied: "Yeah. I agree he takes Arsenal to another level, he would be brilliant and he could possibly get you over the line.
"But I just think there’s bigger and better in him."