North London giants Arsenal have received a major transfer setback in their quest to sign Crystal Palace winger Wilfried Zaha during the current transfer window.
According to The Sun, Crystal Palace are reluctant to sell the player to Arsenal unless the Gunners meet their £80m valuation.
The Eagles would only be interested in lowering their financial demands for a Champions League playing club.
Arsenal failed to qualify for the Champions League for the third successive season at the end of last season.
The Gunners finished outside the Champions League places at the end of last season.
Only the top four Premier League places guarantee Champions League football.
Arsenal missed out via a fifth-place finish at the end of the season.
The Gunners could have also qualified for Champions League football via the Europa League.
Arsenal were beaten 4-1 by London rivals Chelsea in the final of the competition.
Zaha has talked up his dream move to Arsenal having pointed out in one of his earlier interviews that he supported the North Londoners as a boy.
The 26-year-old has already told Crystal Palace officials that this summer is the right time for him to leave the club despite signing a new contract as early as last year.