Cut Price Arshavin Still Out Of Toon's Range!
But Zenit have hit back, with spokesman Alexei Blinov branding these rumours "untrue".
The club's sporting director Konstantin Sarsaniya: "The situation has not changed. Tottenham offered us £15.8m for Andrei, but that does not work for us. We are waiting for a new proposal."
They could be waiting a long time. £25m is three times the price Newcastle originally entered the bidding at, and have not been in touch since.