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Arsenal winger Andrei Arshavin is reportedly closing in on a move to Ligue 2 side Monaco according to Fanatix.

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The 31 year old Russian international is surplus to requirements at the Emirates Stadium and has been linked with a move to a number of sides in recent weeks and a move to join Claudio Ranieri’s side may well appeal to the Gunners attacker.

Arshavin initially impressed on arrival at the North London club, his four goal haul at Anfield being the highlight of his Arsenal career, but overall the £15m signing has proved a massive disappointment, never reaching the heights he rose to during Euro 2008.

Arsene Wenger is keen to cut costs at Arsenal and any move that sees Arshavin’s big wage packet wiped off the balance sheet will be welcomed.

Monaco sit joint top of the French second tier and Ranieri has been handed significant funds to make sure that not only does he take the principality side back into Ligue 1 but also pushes on towards the top end of the table.