The Gunners' midfielder has long been linked with a move back to the Camp Nou, having left Barca's youth ranks to sign for Arsene Wenger's side in 2003.
Fabregas has repeatedly insisted that he is committed to Arsenal - while admitting that he does dream of returning to his former club one day in the future.
According to Spanish radio station Cadena Ser on Tuesday, the 22-year-old - who has netted 14 goals in all competitions this season - had verbally agreed to join Barca, with the European Cup holders now needing to arrange a fee with Arsenal.
However, the Catalan club quickly quashed the rumours, issuing a statement insisting that they have no intention of approaching the player ahead of his club.
And after Arsenal's 1-0 victory over Liverpool at Emirates Stadium on Wednesday, Fabregas himself denied that any deal had been struck.
"They [Barcelona] have denied it and I have denied it. I just want to focus on Arsenal," he told Sky Sports.
"I think Arsenal is above all else - every single player in its history, the fans, the club, and myself.
"I think we deserve a little more respect."
NEWS: Barca flatly deny Fabregas deal
