Arsenal accept defeat in pursuit of Real Madrid superstar: He is going to renewAccording to MARCA, Arsenal have accepted that a move for Vinicius Jr. is no longer realistic, with the Premier League club now convinced that the Brazilian will remain at Real Madrid and sign a new contract.Real Madrids activity in the transfer market has continued to dominate headlines following the imminent arrival of Yan Diomande and the clubs official contacts with Rodri over a potential move to the Santiago Bernabeu.Against that backdrop, Arsenal had been preparing an ambitious move for Vinicius after missing out on Morgan Rogers. With funds still available, Mikel Artetas side had been ready to submit a major offer for the Brazilian winger.Contract uncertainty sparked hopeVinicius contract renewal has become one of Real Madrids longest-running transfer stories, stretching into a second consecutive summer.The Brazilian has yet to sign a new deal, with his wage demands, believed to be close to 30 million per season, slowing negotiations.Arsenal showed interest in Vinicius. (Photo by Dan Mullan/Getty Images)However, time is becoming increasingly limited. His current contract expires next summer, leaving Real Madrid with three possible outcomes: agree a renewal, sell the player, or risk losing him on a free transfer at the end of his contract, a scenario both parties are keen to avoid.This opened the door for Arsenal to consider making a move for the 26-year-old winger.Arsenal give upDespite the uncertainty surrounding the contract negotiations, Arsenal now believe Vinicius will remain at Real Madrid.According to the report, figures within the London club are convinced that the winger will extend his contract.He is going to renew, is the consistent message coming from Arsenal when asked about the possibility of making an offer for the Brazilian.While the club will continue to monitor the situation, they have effectively abandoned hopes of signing him this summer.Renewal in sight. (Photo by Michael Reaves/Getty Images)The report also notes that Vinicius has given no public indication that he wants to leave Real Madrid. Unlike Julian Alvarez, who openly expressed his desire to leave Atletico Madrid during the World Cup, the Brazilian has made no public statements, social media posts or gestures suggesting that he is seeking an exit.Arsenal turn attention to other targetsWith Vinicius now considered unattainable, Arsenal are expected to focus on signing another high-profile wide attacker.The future of Gabriel Martinelli remains uncertain, while Bradley Barcola is another player under consideration, although Liverpool are also competing for the PSG winger.For now, Vinicius has become little more than an unrealised summer ambition for the North London club, who increasingly expect the Brazilians future to remain at the Santiago Bernabeu.