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Arsenal Transfer News: Latest Rumours on Hector Bellerin and Andrea Belotti

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Barcelona have "cooled their interest" in Arsenal defender Hector Bellerin after deeming their former youth product too costly.

Luis F. Rojo of Marca (adapted by Chris Winterburn) reported the Blaugrana have switched their primary interest to Valencia full-back Joao Cancelo. Barca believe the possibility of capturing Bellerin is a "pipe dream," with the marauding Spain international valued at around £45 million. (h/t Metro's Evan Bartlett).

Bellerin recently refused to rule out a move back to Catalonia after previously featuring at the club's famed La Masia academy.