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Arsenal Transfer News: Danilo Pereira Bid Made, Alex Oxlade-Chamberlain Rumours

Arsenal have seen an initial bid for Porto midfielder Danilo Pereira rejected, according to the latest reports, while it's emerged the Gunners could be "prepared to sell" Alex Oxlade-Chamberlain.

Portuguese newspaper Correio de Manha reported Arsenal will be expected to increase their offer for Danilo if they hope to sign the player, with Porto demanding his £31.7 million release clause be triggered (h/t Metro's Mark Brus).

Danilo (left) has eight caps for Portugal.

It's long been held aged trio Mikel Arteta, 34, Tomas Rosicky, 35, and Mathieu Flamini, 32, will leave the Emirates Stadium this summer, and engine-room reinforcements will be required should they take their leave.