Arsenal boss Arsene Wenger is weighing up a move for AC Milan striker Mario Balotelli.

The Daily Star says Balotelli's agent Mino Raiola denied holding talks with Wenger last month over a potential switch for his client.

Wenger has already splashed out close to £50m on the acquisitions of Alexis Sanchez and Mathieu Debuchy from Barcelona and Newcastle respectively.

And the Frenchman made it clear, following Saturday's pre-season victory over Boreham Wood, that he is keen to continue his spending spree.

Although Balotelli's £150,000-a-week wage demands could provide a stumbling block for a potential transfer to the Emirates.

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