Arsenal make approach to sign Chelsea star and offer to pay £86m

Arsenal has reportedly made an £86 million bid for Chelsea striker Joao Pedro, which was rejected by the club. Chelsea intends to offer Pedro a new long-term contract to secure his future at Stamford Bridge.
Why it matters
High-value transfer rumors reflect the intense financial competition and squad-building strategies within the English Premier League.
Mikel Arteta wants to further bolster his Arsenal squad (Picture: Getty)
Arsenal have made an approach to sign Chelsea striker Joao Pedro and indicated they are willing to pay £86m for the Brazilian.
Mikel Arteta has already bolstered his title-winning squad with three signings, bringing in Christos Tzolis and Illan Meslier and activating a clause to keep Piero Hincapie on a permanent deal.
The Gunners are also closing in on an £80m deal for Newcastle United midfielder Bruno Guimaraes while they pursue a sensational swoop for Real Madrid winger Vinicius Junior.
Arteta is also keen to welcome a new striker to the Emirates Stadium following Viktor Gyokeres’ mixed first season at Arsenal.
Julian Alvarez was Arteta’s top target at the start of the summer but a deal for the Argentina striker looks unlikely with Atletico Madrid demanding well over £100m.
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