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Lautaro Martinez 'close to agreeing new five-year deal at Inter Milan' and Italian side 'will slap £85m asking price' on Argentina striker if Arsenal and Tottenham reignite interest

Lautaro Martinez is reportedly close to signing a new contract at Inter Milan, meaning Arsenal and Tottenham will have to spend big if they decide to reignite their interest in the striker.

Both north London clubs are believed to have tabled bids for the 24-year-old over the summer, with Tottenham in particular appearing keen to bring the Argentina international to the Premier League.

However, the £97.5m sale of Romelu Lukaku to Chelsea meant that Inter's financial worries were eased, and they had little need to also cash in on Martinez.