Arsenal are reportedly plotting a transfer for highly rated PSV Eindhoven star Hirving Lozano.

According to the publication from Italian media outlet Tuttomercatoweb, the Gunners are stepping up their interest in the Mexican international.

Arsenal have joined other clubs in expressing their interest in him.

The Gunners have already confirmed that they can only sign players on loan in the current January transfer window but that has not stopped the club from identifying possible signings including Hirving Lozano.

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Mexican attacker Lozano has been one of the standout performers in the Dutch Eredivisie over the past two seasons.

He has also been attracting the interest of major European heavyweights like Chelsea and Spanish champions Barcelona though Italian Serie A giants Napoli are believed to be in pole position for him.

Napoli manager Carlo Ancelotti is a big admirer of the player with reports claiming that the Italians have already held talks with his agent Mino Raiola.

Dutch champions PSV Eindhoven have already slapped a €40m (£35m) asking price on Hirving Lozano which is a significant increase on the transfer fee required to sign him shortly after last summer’s FIFA World Cup tournament in Russia.

PSV had earlier slapped a €30m (£26m) asking price on him.

Bayern Munich manager Niko Kovac has dismissed exit rumors hovering over midfielder James Rodriguez.

The Colombian international playmaker has been linked with an exit from the German club whom he joined at the start of last season.

James Rodriguez signed for the Bavarian giants from European champions Real Madrid on a two-year loan deal after Bayern paid £11.5m for him with the option to make it permanent for around £37m.

James Rodriguez has not had the same impact as last season in this new campaign amidst reports that he has fallen out of favour with Niko Kovac.

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The Croatian tactician spoke about James Rodriguez ahead of his side’s Bundesliga clash with TSG Hoffenheim at the weekend.

Niko Kovac revealed that the Colombian national team talisman wants to stay at the Allianz Arena just like the player said during a recent event.

This is certainly not what Arsenal fans want to hear with the Gunners faithful crying out for senior club officials to reinforce the squad with new signings.

The Gunners have been touted as a potential destination for James Rodriguez with reports claiming that Arsenal can sign him for the remainder of his Bayern Munich loan deal for just £3m.

Arsenal are close to completing their much-anticipated move for Spanish midfielder Denis Suarez who is wanted out of Camp Nou this month.

Daily Star report that the Gunners have reached a £14.2m agreement with the Catalans and they could confirm the player’s signature as soon as next week Monday.

The 25-year-old midfielder isn’t rated by Ernesto Valverde as the manager often left out of his match-day squad and he is said to be heading to the Emirates stadium.

Unai Emery worked with Denis while he was with Sevilla but both parties didn’t spend much time together before the player’s loan deal came to an end.

It should be recalled that Emery told reporters last week that he’s hoping to add more quality players to his attacking frontline but he’s facing a huge financial setback.

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The Daily Star also said the Spanish tactician might sanction Mesut Ozil’s speculated move to Atletico Madrid so as to fund his move for Denis Suarez.

As a result of Arsenal’s financial instability, Unai Emery is set to pull out of the race for Belgian midfielder Yannick Carrasco.

According to the Sun, the Gunners are likely to cool their interest in the Dalian Yifang’s player having failed to meet his price tag.

Should the Gunners hierarchy fail to raise fund to boost their chances of winning Carrasco’s services, Manchester United will be in a firm position to capture the Belgian star.

The Red Devils are said to be eyeing a possible move for his services and Arsenal’s financial crises gives them a huge chance of luring Carrasco to Old Trafford.

Premier League giants Arsenal will need to offload controversial midfielder Mesut Ozil in their quest to sign China-based winger Yannick Ferreira-Carrasco.

Yannick Carrasco plays for Chinese Super League outfit Dalian Yifang at the moment.

Italian media outlet Tuttomercatoweb revealed that the Gunners can only afford the huge financial salary of the former AS Monaco and Atletico Madrid winger if they can get the wages of Mesut Ozil off the books at Arsenal.

Yannick Carrasco earns at least £170,000 on a weekly basis at the Chinese Super League club.

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Mesut Ozil has lost his starting place at Arsenal since Unai Emery took over and reports claim that the Spanish coach has already offered to two Italian clubs namely Juventus and Inter Milan.

Arsenal will find it hard to get Mesut Ozil and his £350,000 weekly wages off the wage bill at the club.

2014 World Cup winner Ozil signed the contract in February 2018 and he still has two-and-a-half years left on the three-year deal that he signed last year.

Arsenal manager Unai Emery has dropped Mesut Ozil from his squad on several occasions this season including last weekend’s London Derby clash with West Ham United.

Without the German, Arsenal were beaten 1-0 by their hosts with Declan Rice getting the only goal of the game.

Lille president Gerard Lopez has debunked exit rumours linking star player Nicolas Pepe with a move away from the club in the January transfer window.

The in-form Pepe has been heavily linked with a transfer out of French Ligue 1 giants Lille in the past few months.

Gerard Lopez spoke about Nicolas Pepe at a press conference on Wednesday afternoon as he confirmed that the Ivorian international attacker will stay at Lille until the end of the season.

Earlier reports had claimed that Lille have slapped a whopping €80m transfer fee on the 23-year-old.

The latest development on the Ivorian attacker will be a big blow to North London giants Arsenal.

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The Gunners are said to be keen on a move for him with the player top on the list of the North Londoners’ transfer targets.

Nicolas Pepe is a utility forward that can play on both wings (left wing and right wing) as well as the central forward position.

He has been in devastating form for his Lille side this season after netting 13 goals in the league this season.

Nicolas Pepe has been one of the standout stars of this French Ligue 1 season and his performances have propelled Lille to the top two on the league table.

North London giants Arsenal have made a breakthrough in their bid to sign Spanish international midfielder Denis Suarez from La Liga giants Barcelona during the ongoing January transfer window.

According to the Daily Express, the Gunners are closing in on a move for the Barcelona star after both parties reached an amicable point over his transfer.

Arsenal initially wanted a loan deal with the option to buy the talented midfielder in the summer but Barcelona were adamant that they will only sanction a permanent transfer for the 25-year-old.

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It was revealed that both clubs have agreed for Denis Suarez to join Arsenal on loan for the rest of the season with an obligation to make the deal permanent for £18m when his loan contract ends in the summer.

The Spaniard will reunite with compatriot Unai Emery having played under the Arsenal manager at Sevilla in 2015.

Denis Suarez has been identified as a major transfer target for the Gunners in this transfer window by Unai Emery alongside Sevilla midfielder Ever Banega but will have to pay his €20m release clause rather than a loan deal in the case of the Barcelona midfielder.

Unai Emery is looking to boost his squad with new signings for the second half of the season.

Experienced journalist Gabriele Marcotti has revealed that any hopes of Arsenal signing Bayern Munich loanee James Rodriguez rests on two key men at the club.

Colombian international playmaker James Rodriguez is on a two-year loan deal at German Bundesliga champions Bayern Munich from Champions League holders Real Madrid.

Bayern paid £11.5m for his loan contract with the option to make it permanent for £37m at the end of his deal this summer.

Gabriele Marcotti talked about the transfer links involving Arsenal and James Rodriguez while the Italian he was doing his punditry job on popular media outlet ESPN via the Daily Express.

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According to him, any Arsenal deal for Colombian star James Rodriguez is dependent on both Raul Sanllehi (chief executive) and manager (Unai Emery).

Gabriele Marcotti further questioned why the Gunners would be interested in signing another playmaker despite the fact that the Gunners have several playmakers like Mesut Ozil, Aaron Ramsey and Henrikh Mkhitaryan in their ranks.

Arsenal have been linked with James Rodriguez in the current transfer window with reports claiming that the Gunners can sign him for just £3m.

The said money is for the remaining six months on his loan deal at German champions Bayern Munich.

Italian journalist Nicolo Schira has revealed that Premier League giants Arsenal are in advanced talks to sign two players this month.

The Gazzetta dello Sport media personnel made this known on his official Twitter account as monitored by Football London.

According to the experienced journalist, Arsenal are in advanced talks to sign both Denis Suarez and Yannick Ferreira-Carrasco as the Gunners target quality additions to boost the squad ahead of the second half of the season.

Spanish midfielder Denis Suarez is on the payroll of La Liga giants Barcelona at the moment, while Belgian international winger Carrasco is based in China.

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Yannick Carrasco joined Chinese Super League club Yifang Dalian at the start of last year after leaving Spanish La Liga giants Atletico Madrid and has scored seven goals in 25 appearances for his team.

Arsenal manager Unai Emery is no stranger to both players from his time in Spain especially Denis Suarez.

Denis Suarez excelled under Unai Emery at Seville four years ago (2015) and the Spaniard will definitely welcome the opportunity to work with him again at Arsenal.

The Gunners are likely to sign the two players on loan with the club handicapped for funds as confirmed by Unai Emery in one of his recent press conferences.

Experienced Belgian journalist Kristof Terreur has confirmed that North London giants Arsenal have been offered the chance to sign exciting winger Yannick Ferreira-Carrasco.

According to him via the Daily Star, Belgian international attacker Yannick Carrasco has been offered to the Gunners who don’t have the money to sign him.

Terreur further revealed that his wages will also be a problem for the North Londoners.

He earns £160,000 (€180,000) on a weekly basis in China.

Yannick Carrasco is desperate to return to Europe in the current January transfer window after leaving Spanish side Atletico Madrid for Chinese Super League club Yifang Dalian in February 2018.

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An Arsenal transfer for Carrasco will be possible on two conditions.

Firstly, he has to take a pay cut on his £160,000 per week salary.

The other condition is that his Chinese club would opt for a loan arrangement with the Gunners for the former AS Roma forward rather than their preference for a permanent deal.

Arsenal have been restricted to possible loan signings this month after it was revealed that the club has no money to spend in this transfer window.

Arsenal boss Unai Emery confirmed the ‘no money’ stance from the club in one of his recent pre-match press conferences.

Arsenal are reportedly prepared to pay midfielder Mesut Ozil to speed up his exit from the club.

According to the ESPN, senior club officials don’t mind paying Ozil after he leaves the club with Arsenal finding it difficult to sell him because of his huge salary.

Earlier reports claim that the 2014 FIFA World Cup winner has already been offered to the Italian Serie A duo of Juventus and Inter Milan by Gunners boss Unai Emery after Ozil failed to adapt to his methods since the start of the season.

ESPN confirmed that there is interest in Mesut Ozil from China and that Inter Milan are also open to a loan deal for the former Real Madrid and Schalke 04 playmaker but his huge salary is a stumbling block to any transfer.

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Mesut Ozil is on a weekly pay of £350,000 following the contract that he signed in February 2018.

The recently retired German international star still has two-and-a-half years left on that contract.

Ozil and Unai Emery have not enjoyed a good working relationship since the latter was appointed the Arsenal manager in the summer.

The Spaniard had dropped Ozil on numerous occasions including last weekend’s Premier League London Derby defeat (1-0) at the hands of West Ham United.