Arsenal are reluctant to meet Leicester City’s £50million valuation of Riyad Mahrez, according to reports.
The 26-year-old is expected to return to training with Craig Shakespeare’s side on Friday despite handing in a transfer request at the King Power Stadium.
Arsenal have held talks with the Foxes about a transfer for the Algerian winger and consider a £35million price tag more suitable for a player who endured an underwhelming campaign.
The Gunners remain keen on Monaco’s Thomas Lemar and hold the French international as their number one target for the remainder of the transfer window.