The Gunners look set to miss out on the Brazilian play-maker, who was also reportedly a target for Liverpool and Tottenham.
Bernard looks set to snub Arsenal and instead make a move to Portuguese giants FC Porto, Goal.com reports.
Porto’s coach Paulo Fonseca was cagey when asked about the possible arrival of Bernard but it seems that the Brazilian’s destination is Portugal, with his agent preferring him to move their rather than to the Premier League.
Speculation mounted over the weekend that Porto were going to announce the arrival of Bernard before their friendly against Celta.
This proved to be untrue and speaking after the game, Fonseca was keen to not give away to much information.
“I don’t have any information about Bernard,” he told reporters. “I only speak about the players who are here. I don’t know if he is coming and I will not speak about somebody not in the squad.”
Bernard’s agent Adriano Spodato has claimed that a move to a big European club would be a risk for the player and would prefer that he starts his career in the continent at a smaller club.
“I can confirm that the possibility [of joining Porto] is strong, but there is Shakhtar, too,” he told Mais Futebol. “It should be between those [clubs]. On Monday or Tuesday there should be something more concrete”.
“If it was up to me, Bernard would be a Porto player. I told him that this is the best way”.
“It is preferable to enter a medium, but good, European club, rather than risk a top club and have no space to play. Indeed, Bernard is very interested in going to Porto.”
Liverpool and Tottenham were also thought to be chasing the midfielder, who is regarded as one of the best young talents in Brazilian football.