Arsenal boss Arsene Wenger faces defeat in his pursuit of Bolton Wanderers defender Gary Cahill.
The Mail on Sunday says the their bid looks likely to flounder, with Wenger willing to pay no more than £8million for the England centre-half.
Though Arsenal have been tracking the Bolton defender, widely regarded as the best young English defender in the Premier League.
But their valuation falls a long way short of the £20m Bolton are hoping to raise from his sale.
