Wednesday 31 May 2017 08:13, UK
All the latest Arsenal transfer news and rumours from across the British and foreign press on Wednesday, May 31.
Manchester City's director of football Txiki Begiristain has been in London to wrap up a deal to sign Alexis Sanchez, according to reports.
The report says that City will be prepared to wait for Sanchez as they believe Arsenal will try and make it difficult for a deal to be done that would keep him in the Premier League and would prefer him to go abroad.
Arsenal have made a £30m bid for RB Leipzil star Emil Forsberg - but face a battle with Bayern Munich, according to the Daily Mirror.
The newspaper reports that Arsene Wenger has been handed a £150m budget after agreeing a two-year deal to stay at the Emirates.
Wenger also is keen to make Riyad Mahrez his first signing of the summer, according to the Mirror.
After a disappointing league campaign that saw Claudio Ranieri lose his job at Leicester, Mahrez feels it is time to move on.
Arsenal have agreed a £6.8m fee with Belgian club KAS Eupen for Nigeria striker Henry Onyekuru, according to Sky sources.
The Gunners have been in talks with the Belgian club since last week, having led a string of Premier League teams interested in the 19-year-old.
