Gunners hoping to take advantage of Spanish club’s precarious financial position.
Arsenal are hoping to take advantage of Valencia’s poor finances by signing striker Roberto Soldado.
The Spanish striker was linked with a £20 million move last summer but Valencia had insisted they wanted to hold on to the player.
The La Liga giants no longer have as much say in the matter with an EU directive likely to force Spanish clubs into selling their most valuable assets.
Officials from Brussels have insisted that local authorities call in the debts owed by Spanish clubs in taxes and stop the practise of subsidising the clubs with taxpayer’s money.
Clubs in the top two divisions reportedly a combined £3 billion in total debt and are facing a summer clear out of the leagues’ top stars.
Arsenal boss Arsene Wenger is keen to bring in attacking reinforcements after disappointing debut seasons from Lukas Podolski and Olivier Giroud. Neither of the pair have managed to adequately fill the gap left by Robin Van Persie’s departure to Manchester United last summer.
The Gunners boss is hoping to secure Soldado in a cut price deal. It is thought the North London side will test Valencia’s resolve with a bid in the region of £8 million for the Spanish international.