Arsenal will have to pay £55m if they want to sign Liverpool‘s Luis Suarez, after the striker dropped his pursuit of arbitration as a means of leaving for less, according to the Mirror.
Gunners boss Arsene Wenger has been waiting to see the outcome of a contract dispute between the Uruguay international and the club, after he believed his bid of £40m plus a pound would trigger a release clause.
However, the 26 year old has conceded that he will not approach the Premier League to arbitrate, as his contract clearly states that the Reds are under no obligation to sell, and with three years remaining on his contract, Brendan Rodgers and the board are determined to keep him unless their valuation is met.
Suarez is odds on with a number of bookmakers to move the Emirates by September 1st, just ahead of the price available for him to remain on Merseyside.
Meanwhile, the club are closing in on a deal for Schalke defender Kyriakos Papadopoulos, the Daily Star understands.
Reports in Greece are suggesting that the Reds have agreed on a fee with the Bundesliga club, with the move only being delayed by the defender’s recovery from a knee problem.