Reports have suggested Barcelona were prepared to offer Thiago in part-exchange of a £50million swoop for long-term transfer target Fabregas.
Thiago, 20, is highly-rated at the Nou Camp, but he has found first-team opportunities hard to come by because of Barca's star studded line-up.
It had been suggested Barcelona were hoping to finally persuade Arsenal to part with Fabregas by offering Thiago as part of the deal.
However, Thiago's father, former Brazil international Mazinho, claims the midfielder is going nowhere as he remains part of Pep Guardiola's plans.
"We have seen the news in the papers, but I belive that Thiago enters in the plans of Guardiola for next season," Mazinho told EFE.
"My son stays at Barcelona. They have a contract and we have decided it's continuity.
"Thiago is developing and needs to evolve.
"This season was important, but next season could be better."
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