MADRID (Reuters) -- Arsenal captain Cesc Fabregas said on Wednesday he was happy at the Premier League club and no decision had been made about a possible move.

"I am an Arsenal player. I have been very happy for eight years and I am very happy," Fabregas said at a promotional event, when asked about the prospect of a return to Barcelona.

"I am not thinking about football right now, just about my holidays," the 24-year-old Spain midfielder said, adding that questions about his future should be directed to Arsenal manager Arsene Wenger, to whom he had not spoken for six weeks.

"There have been no decisions. The truth is that it doesn't always depend on the player and at the moment I don't know anything," he added.

"I am very happy where I am. Anything else would be speculation that is untrue. You can never say never in this life as so many things happen that you can never predict."

Spanish media have reported that European champions Barca would have to pay around 40 million euros ($57.5 million) to secure Fabregas's services for next season.

The player, who moved from Barcelona to London in 2003 at the age of 16, is seen as a natural replacement for playmaker Xavi, who turned 31 in January.

Fabregas admitted he was frustrated at Arsenal's repeated failure to win a trophy but said he believed the club had the resources to end their barren run.

"A player who is not frustrated at not winning titles is either lying to himself or lacks ambition," he said.

"There is a good team and a good manager and one of the most faithful fan bases in Europe. With those I believe we can make progress and one day win an important trophy."

Any decision on his future would be taken by Wenger, Fabregas added.

"He is the boss, the one who makes the decisions. You should ask him. I was injured at the end of the season and I haven't seen him for about six weeks."

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