Aarons was offered a new six-year deal to reflect his elevation to the first-team squad ... or for Mike Ashley to tie him up knowing there is interest.
But the contract offer has been turned down by Aarons and his representatives.
Aarons, sidelined until the New Year with a hamstring injury, knows that Liverpool, Arsenal and Manchester City are tracking his progress.
The kid was unknown until he put in impressive performances during pre-season.