The Spanish giants have a long-held interest in bringing their former youth player back to the Camp Nou but have been put off by Arsene Wenger's reluctance to sell his star player.
The Catalan club had two bids rejected last summer, the second believed to be around £35 million, but are unwilling to match the Gunners' £43m valuation. Fabregas has indicated that he'd like to return to his boyhood club but unless he hands in a written transfer request then a deal looks increasingly unlikely.
While Barca look like they won't be spending big when the transfer window opens, the same can't be said for Manchester United.
Sir Alex Ferguson is keen on freshening up his squad, with a number of central midfielders on his wishlist. The Scot is hopeful of securing a long-term replacement for Paul Scholes, with Blackpool's Charlie Adam, Everton's Jack Rodwell and Inter Milan's Wesley Sneijder all under considersation.
A move for the Dutchman looks most likely as Fergie looks for an experienced player to go straight into his starting XI.
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