Arsenal launching bid for CSKA Moscow star Rasmus Elm

Arsenal are chasing CSKA Moscow midfielder Rasmus Elm.

The young Swede left AZ Alkmaar last summer for CSKA, where he has been a revelation in this season's Russian Premier League.

Moscow media sources say Arsenal are prepared to offer £10 million to take Elm to London this summer.

The midfielder is contracted to CSKA until 2015.

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