Neil Lennon has addressed Arsenal's ongoing pursuit of Kieran Tierney, insisting that Celtic remain 'comfortable with the situation' as it stands.

The Gunners have identified the highly-rated left-back, 22, as a key target this summer as they look to bolster their defensive options.

Arsenal recently returned with a renewed offer for Tierney believed to be worth around £25million including several add-on payments, but were once again rebuffed by Celtic, who want more money upfront.

Hoops boss Lennon was quizzed about the protracted saga during a press conference held at the Lennoxtown training centre in advance of Wednesday's Champions League first qualifying round second-leg tie against FK Sarajevo.

"The club's valuation of Kieran has not been met and until then we don't have a decision to make," he said.

Pressed on if he anticipated another bid from Arsenal, Lennon added: "I don't know what Arsenal's financial state is.

Arsenal squad 2019-20 | Injuries, contracts and squad numbers 27 show all Arsenal squad 2019-20 | Injuries, contracts and squad numbers 1/27 Here is the current injuries and suspensions status of Arsenal's first-team squad... Getty Images 2/27 Bernd Leno Squad Number: 1



Condition: Knee injury (ruled out)



Contract expires: 30/06/2023 Getty Images 3/27 Hector Bellerin Squad Number: 2



Condition: Fit



Contract expires: 30/06/2023 Arsenal FC via Getty Images 4/27 Kieran Tierney Squad Number: 3



Condition: Fit



Contract expires: 30/06/2024 Arsenal FC via Getty Images 5/27 Sokratis Papastathopoulos Squad Number: 5



Condition: Fit



Contract expires: 30/06/2021 Arsenal FC via Getty Images 6/27 Dani Ceballos Squad Number: 8



Condition: Fit



Contract expires: 15/07/2019 Getty Images 7/27 Alexandre Lacazette Squad Number: 9



Condition: Fit



Contract expires: 30/06/2022 Getty Images 8/27 Mesut Ozil Squad Number: 10



Condition: FIt



Contract expires: 30/06/2021 Getty Images 9/27 Lucas Torreira Squad Number: 11



Condition: Fit



Contract expires: 30/06/2023 Arsenal FC via Getty Images 10/27 Pierre-Emerick Aubameyang Squad Number: 14



Condition: Fit



Contract expires: 30/06/2021 Arsenal FC via Getty Images 11/27 Ainsley Maitland-Niles Squad Number: 15



Condition: Fit



Contract expires: 30/06/2023 Getty Images 12/27 Rob Holding Squad Number: 16



Condition: Fit



Contract expires: 30/06/2023 Arsenal FC via Getty Images 13/27 Cedric Soares Squad Number: 17



Condition: Fit



Contract expires: 30/06/2024 Arsenal FC via Getty Images 14/27 Nicolas Pepe Squad Number: 19



Condition: Fit



Contract expires: 30/06/2023 Arsenal FC via Getty Images 15/27 Shkodran Mustafi Squad Number: 20



Condition: Thigh injury (ruled out)



Contract expires: 30/06/2021 Getty Images 16/27 Calum Chambers Squad Number: 21



Condition: Knee injury (ruled out)



Contract expires: 30/06/2022 Arsenal FC via Getty Images 17/27 Pablo Mari Squad Number: 22



Condition: Ankle injury (ruled out)



Contract expires: 30/06/2024 Arsenal FC via Getty Images 18/27 David Luiz Squad Number: 23



Condition: Fit



Contract expires: 30/06/2021 AP 19/27 Reiss Nelson Squad Number: 24



Condition: Groin injury (doubt)



Contract expires: Contracted Getty Images 20/27 Emiliano Martinez Squad Number: 26



Condition: Fit



Contract expires: 30/06/2022 Arsenal FC via Getty Images 21/27 Joe Willock Squad Number: 28



Condition: Fit



Contract expires: Contracted Getty Images 22/27 Eddie Nketiah Squad Number: 30



Condition: Fit



Contract expires: 30/06/2022 Getty Images 23/27 Matteo Guendouzi Squad Number: 29



Condition: Fit



Contract expires: 30/06/2022 Arsenal FC via Getty Images 24/27 Sead Kolasinac Squad Number: 31



Condition: Fit



Contract expires: 30/06/2022 Arsenal FC via Getty Images 25/27 Granit Xhaka Squad Number: 34



Condition: Fit



Contract expires: 30/06/2024 Liverpool FC via Getty Images 26/27 Gabriel Martinelli Squad Number: 35



Condition: Knee injury (ruled out)



Contract expires: 30/06/2024 REUTERS 27/27 Konstantinos Mavropanos Squad Number: 27



Condition: Fit (on loan to Nuremberg)



Contract expires: 30/06/2023 Arsenal FC via Getty Images 1/27 Here is the current injuries and suspensions status of Arsenal's first-team squad... Getty Images 2/27 Bernd Leno Squad Number: 1



Condition: Knee injury (ruled out)



Contract expires: 30/06/2023 Getty Images 3/27 Hector Bellerin Squad Number: 2



Condition: Fit



Contract expires: 30/06/2023 Arsenal FC via Getty Images 4/27 Kieran Tierney Squad Number: 3



Condition: Fit



Contract expires: 30/06/2024 Arsenal FC via Getty Images 5/27 Sokratis Papastathopoulos Squad Number: 5



Condition: Fit



Contract expires: 30/06/2021 Arsenal FC via Getty Images 6/27 Dani Ceballos Squad Number: 8



Condition: Fit



Contract expires: 15/07/2019 Getty Images 7/27 Alexandre Lacazette Squad Number: 9



Condition: Fit



Contract expires: 30/06/2022 Getty Images 8/27 Mesut Ozil Squad Number: 10



Condition: FIt



Contract expires: 30/06/2021 Getty Images 9/27 Lucas Torreira Squad Number: 11



Condition: Fit



Contract expires: 30/06/2023 Arsenal FC via Getty Images 10/27 Pierre-Emerick Aubameyang Squad Number: 14



Condition: Fit



Contract expires: 30/06/2021 Arsenal FC via Getty Images 11/27 Ainsley Maitland-Niles Squad Number: 15



Condition: Fit



Contract expires: 30/06/2023 Getty Images 12/27 Rob Holding Squad Number: 16



Condition: Fit



Contract expires: 30/06/2023 Arsenal FC via Getty Images 13/27 Cedric Soares Squad Number: 17



Condition: Fit



Contract expires: 30/06/2024 Arsenal FC via Getty Images 14/27 Nicolas Pepe Squad Number: 19



Condition: Fit



Contract expires: 30/06/2023 Arsenal FC via Getty Images 15/27 Shkodran Mustafi Squad Number: 20



Condition: Thigh injury (ruled out)



Contract expires: 30/06/2021 Getty Images 16/27 Calum Chambers Squad Number: 21



Condition: Knee injury (ruled out)



Contract expires: 30/06/2022 Arsenal FC via Getty Images 17/27 Pablo Mari Squad Number: 22



Condition: Ankle injury (ruled out)



Contract expires: 30/06/2024 Arsenal FC via Getty Images 18/27 David Luiz Squad Number: 23



Condition: Fit



Contract expires: 30/06/2021 AP 19/27 Reiss Nelson Squad Number: 24



Condition: Groin injury (doubt)



Contract expires: Contracted Getty Images 20/27 Emiliano Martinez Squad Number: 26



Condition: Fit



Contract expires: 30/06/2022 Arsenal FC via Getty Images 21/27 Joe Willock Squad Number: 28



Condition: Fit



Contract expires: Contracted Getty Images 22/27 Eddie Nketiah Squad Number: 30



Condition: Fit



Contract expires: 30/06/2022 Getty Images 23/27 Matteo Guendouzi Squad Number: 29



Condition: Fit



Contract expires: 30/06/2022 Arsenal FC via Getty Images 24/27 Sead Kolasinac Squad Number: 31



Condition: Fit



Contract expires: 30/06/2022 Arsenal FC via Getty Images 25/27 Granit Xhaka Squad Number: 34



Condition: Fit



Contract expires: 30/06/2024 Liverpool FC via Getty Images 26/27 Gabriel Martinelli Squad Number: 35



Condition: Knee injury (ruled out)



Contract expires: 30/06/2024 REUTERS 27/27 Konstantinos Mavropanos Squad Number: 27



Condition: Fit (on loan to Nuremberg)



Contract expires: 30/06/2023 Arsenal FC via Getty Images

"I know what ours is and we are quite comfortable with the situation at the moment.

"There has been a second bid, the bid has been rejected and it's as you were."