Fenerbahçe board member Mahmut Uslu stated that Arsenal forward is not a transfer priority for recently appointed manager Vitor Pereira.
“We spoke with Pereira and he does not see Joel Campbell as a priority he wants to work with winners,” Uslu was quoted as saying by the Milliyet.
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Fenerbahçe have been closely linked with the Costa Rica international after the Milliyet newspaper claimed he had reached an agreement-in-principle with the club.
The Yellow Canaries are reported to be interested in Manchester United star Nani as well as Bursaspor striker Fernandao.
Campbell received a number of offers in the summer but Gunners boss Arsene Wenger wanted Campbell to stay at the North London based club before eventually letting him go on a temporary move.
The 22-year-old was loaned out to Villarreal and is now expected to join Real Soceidad over the summer transfer window.
Fenerbahçe finished the last season in second place and booked a place in the Champions League playoff stages.