By Greg Stobart
Arsenal could be forced to concede defeat in their pursuit of Santi Cazorla as Malaga will demand at least £20 million for the midfielder, Goal.com can reveal.
Reports have suggested that the Gunners have already agreed a salary package with Cazorla and are ready to bid £15.6m for the Spain international as manager Arsenal Wenger looks to add more creativity to his side.
However, Goal.com understands that Malaga are determined to keep Cazorla and will demand huge money for the 27-year-old - who has a €45m (£35.3m) buyout clause in his contract - despite their significant financial problems.
Malaga’s Qatari owner, Sheikh Abdullah Bin Nasser Al Thani, has despatched executive Moayad Shutut to Spain to clear the club’s debts, with sources confident that the issues will be resolved.
Cazorla, who joined Malaga from Villarreal last year for €19m (£14.8m), wants to leave after wages went unpaid and was one of four players who threatened to make a formal complaint earlier this month.
Al Thani has a history of being unreliable in making payments or meeting deadlines as he has multiple businesses and takes little interest in Malaga, but the billionaire has the means to easily clear the club’s debts.
Wenger is a huge admirer of Cazorla and made enquiries for the creative midfielder last summer as he looked for potential replacements for Cesc Fabregas and Samir Nasri.
The Gunners hope that Cazorla’s desire to move will aid their bid for the playmaker as they look to improve their squad ahead of the new season.
"I am ready to talk a lot, but not a lot about transfers, because it is a very fragile subject and a very secret subject," said Wenger earlier this week.
"We bought Giroud and Podolski and I hope that we bought [Abou] Diaby and [Jack] Wilshere too, who didn't play at all last season. We will add Wilshere to the squad as soon as possible. But we are not at the end of [the transfer window] - we will still bring players in."
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