Reebok Stadium boss unhappy with Emirates offer.
Bolton Wanderers have rejected a “derisory” £6million offer for defender Gary Cahill from Arsenal.
The 25-year-old is entering the final year of his contract and has been on the radar of Gunners boss Arsene Wenger all summer.
The deal for the England international is said to be £6million including add-ons but this is well below the Trotters valuation.
Cahill has a release clause in his contract at £17million but with only 12 months remaing on his deal, Wenger believes he should cost a lot less than that.
Arsenal need more defensive options with Johan Djourou and Laurent Koscielny injury prone and Sebastien Squillaci up for sale.
But Bolton manager Owen Coyle says the two clubs are a distance apart in terms of their valuation of Cahill.
“There was a conversation between (Bolton chairman) Phil Gartside and a representative of Arsenal,” he said.
“I’m only passing this on as a third party, but the word derisory doesn’t even cover it.
“When I make an offer for a player, I’d like to think in the right ball park, but this wasn’t even close.
“I spoke to Gary Cahill about it before the Macclesfield game, and he knows everything that’s going on.”