Arsenal have had an offer of €25 million (£22.7m) plus Matteo Guendouzi for Thomas Partey rejected by Atletico Madrid, according to reports.
The 27-year-old still has three years remaining on his current contract but Atletico want the midfielder to sign a new deal in order to raise his €50m (£45.5m) release clause.
Arsenal are working on a restricted budget this summer after failing to secure a place in next season’s Champions League.
Partey is one of Mikel Arteta’s top targets for the summer transfer window but Atletico are refusing to sell Partey for less than his release clause.
According to The Guardian, Arsenal’s first offer of €25m (£22.7m) plus a player was turned down by Atletico earlier this month.
The report claims that Arsenal have since returned with a new bid of €25m (£22.7m) plus Guendouzi. But that has also been rejected by Atletico.
Arsenal are willing to offload Guendouzi this summer following concerns over the midfielder’s attitude.
The 21-year-old was reprimanded following his clash with Neal Maupay in Arsenal’s defeat to Brighton in June and hasn’t played for the club since.
Atletico have previously shown an interest in signing Alexandre Lacazette, but Arteta has made it clear that he is keen to keep the French striker at the club.
‘Laca is a player I always liked even when I was still playing,’ Arteta said earlier this month.
‘I really appreciate the qualities he brings to the team, his ability and his work-rate.’
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