North London giants Arsenal will no longer pursue a move for Crystal Palace winger Wilfried Zaha this summer after the failure to qualify for Champions League football next season.
The Gunners had already missed out on Europe’s premier club competition via the league route after finishing in fifth position.
Only the first four teams in the league are guaranteed Champions League football for next season.
Arsenal had a second opportunity to secure Champions League football by winning the Europa League but they blew it following the 4-1 thrashing handed out to them by London rivals Chelsea.
- Job Not Done: Arsenal Boss Warns His Players
- Arsenal In Three-Way Fight For £75m-rated Zaha
- Transfer: Man United make inquiry to sign Nicolas Pepe
Arsenal manager Unai Emery had £40m to spend on transfers before the Europa League final and the money would have increased if he secured the money-spinning Champions League football for the Gunners.
According to the publication from the stables of popular English news portal Daily Mirror, Unai Emery will have to raise money from player sales to fund new players meaning that Crystal Palace forward Wilfried Zaha is out of reach.
Arsenal want to sign the Ivorian international but the lack of Champions League football has hurt their chances of doing a deal for him after South London giants Crystal Palace slapped a whopping sum of £40m on him.