Arsenal have had a £17.6m offer for Juventus forward Juan Cuadrado rejected, according to reports.
Arsene Wenger is lining up potential replacements for Alexis Sanchez, with the Chilean looking increasingly likely to be departing The Emirates this summer.
Sanchez has just 12 months remaining on his current deal with the Gunners. Arsenal could be inclined to cash in on their player of the season while they still can.
Wenger has eyed ex-Chelsea flop Cuadrado as an alternative to Sanchez.
The Colombian has undergone a renaissance since securing a move to Juventus in 2016.
According to The Sun, Arsenal’s £17.6m bid falls way short of the Serie A side’s evaluation of £30m.
The Sun’s report says Arsenal’s bitter rivals Sp*rs are keen on the wide man and are ready to provide stiff competition for the 29 year-old.