"Peter has not been back in training yet so he will not play on Saturday," explained City boss Kevin Keegan.
"We have to get Peter right. He tried to get back with the Manchester United game a big target for him.
"I think he got to the point where he thought he felt he could do it and then of course had to pull out at the last minute."
So, Carlo Nash will more-than-likely continue to deputise for Schmeichel in the City goal with Nicky Weaver taking the substitutes role for the game with Arsenal on Saturday.