Nevertheless, Arsenal are aiming to agree a deal in the coming days which could reach £80m.
The belief that a move is within reach is not connected to Eddie Howe’s decision to step down from his role as Newcastle head coach.
Arsenal were interested in signing Morgan Rogers, who has joined Chelsea for £117m, from Aston Villa – but refused to go higher than their £80m valuation.
It is understood Arsenal were given the opportunity to match Chelsea‘s offer for Rogers but declined.
Newcastle, meanwhile, now face losing another key player, with Sandro Tonali having joined Tottenham and Anthony Gordon moving to Barcelona.
Howe left Newcastle on Thursday after five years in charge, with Matthias Jaissle, manager of Saudi Pro League side Al-Ahli, expected to be appointed his successor.
BBC News
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