Reports in Germany suggest that Wolfsburg have agreed a £17 million fee with Bayern Munich for Gustavo.
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Arsenal look set to miss out on Bayern Munich midfielder Luiz Gustavo, with reports suggesting that another German club, Wolfsburg, have agreed a £17 million fee with the European Champions, the Guardian reports.
Arsenal had been favourites to sign Gustavo but are reportedly unwilling to pay more than £14 million for the Brazilian.
This means that the Gunners will likely miss out on the midfielder as reports in Germany suggest that Wolfsburg are more than happy to pay Bayern’s £17 million valuation of the 26 year old.
This will be a blow to manager Arsenal boss Arsene Wenger, who is desperate to make some additions to the Gunners first team before the end of the transfer window.
Wenger had hoped to sign Gustavo as a replacement for Alex Song, who left the club last year for Barcelona and was never replaced by the Frenchman.
It now seems that Wenger will once again have to look for alternatives but there doesn’t appear to many available, with Etienne Capoue set to move to Tottenham and Bayer Leverkusen refusing to sell Lars Bender to the Gunners.
Wenger has also be frustrated in his search for a striker, with several of his main targets either having moved to different clubs or being to expensive.
Arsenal have been heavily linked with Luis Suarez but Liverpool are refusing to do business with the Gunners.