Gold: Vieira deal not dead yet
And although City's chances of recruiting the Gunners legend - who made more than 250 league appearances for the North London club, winning three Premier League titles and four FA Cups - would appear slim, Gold insists he has not yet given up hope of completing, arguably, the most famous signing in the club's history.
“I’d like to think there are a couple more signings who might whet the appetite and I don’t think the Vieira deal is dead," he said.
"Players play it cool for a while and wait for better deals. The situation is not dissimilar to that of Michael Owen, who waited for Manchester United’s offer.
“There is every possibility he will decide he wants to get back into the Premier League and that he can do that with us.”