Paco Alcacer is set to sign a new contract with Valencia.
Paco Alcacer is set to sign a new deal with current club Valencia, disappointing potential suitors Arsenal and Chelsea, who were both linked with a £14.5 million move for the Spaniard in January.
The Daily Star reports that the London clubs were set to go head to head for the 21-year-old’s signature but they are now going to be let down, with the young starlet looking to commit his long term future to Valencia.
Officials at the Spanish club have made Alcacer’s contract renewal their top priority and will offer the front man a bumper five year deal and up his release clause to around £40m.
The young striker scored 16 goals for Valencia last season and earned himself a call-up into Spain’s squad for the recent friendlies against France and Macedonia.
He ended up scoring on his full debut in the 5-1 win against Macedonia.
It looks like both Premier League clubs will now have to look elsewhere for a new striker unless contract negotiations break down between Alcacer and Valencia.
Arsenal signed Danny Welbeck at the end of the summer transfer window but the Gunners are still light in the striker department with Olivier Giroud set to be out until the new year with an ankle injury.
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