Cape Town - Arsenal have been dealt a major blow in their attempt to convince Everton to part ways with James McCarthy.
The London Evening Standard report that McCarthy will remain at Goodison Park "for a long, long time".
With reported interest from Arsenal, Everton manager Roberto Martinez has issued a "hands off" warning to Arsene Wenger.
Martinez told reporters: "James is someone we rate very highly, otherwise you wouldn't have seen the sort of investment we made on him."
"We are delighted with his form and I've always believed he is a typical Everton player, can grow and can get better.
"He has a long-term contract and it was a huge investment."
Martinez signed McCarthy from Hamilton whilst in charge of Wigan and brought the 24-year-old Republic of Ireland international to the Toffees in 2013 for a fee of £13 million.
The Spanish manager is keen to see the club's investment pay off and will not allow McCarthy to leave the club in the near future.
"I always enjoy seeing good reports on our players, and I see the potential interest or the good compliments that can be paid towards James from the outside.
"But he is a player we look forward to seeing in the Everton top for a long, long time." added Martinez.