The Gunners look to have seen off a late bid by German side Borussia Moenchengladbach to snatch striker Olivier Giroud.
The Bundesliga team, who are currently in the play-off round for next season’s Champions League, were linked with the Montpellier front-man earlier this summer but were not one of the three clubs (QPR, Malaga and Atletico Madrid) to have lodged official bids with the French champions.
An approach was made earlier this week for the 25-year-old, who was the top scorer in Ligue 1 last season with 21 goals, but Monchengladbach sporting director Max Eberl told L’Equipe that money was the issue:
“We remain true to our policy that we do not throw our money out of the window. The problem in our negotiations is that we are in competition with clubs like Arsenal, and top clubs in Germany.”
It had been suggested that Giroud’s move to Arsenal would be completed this week but his agent told French newspaper Midi Libre that there is no rush to complete the transfer:
“There is no deadline for resolving this matter,” William Sola said. “It says everything and anything, but I can assure you that nothing is done and that several clubs are interested in Olivier. Arsenal is one of them and we work every day.”