Arsenal are launching a bid for Everton midfielder Mikel Arteta.
The Daily Star says the Gunners face Spanish competition for Arteta.
Malaga and Valencia, who have just picked up £27m from Chelsea for Juan Mata, are both willing to pay £10m for attacking midfielder Arteta.
But despite losing Cesc Fabregas to Barcelona and Samir Nasri to Manchester City, Wenger still appears reluctant to spend the near £60m the club have racked in.
It's the home stretch! 24/7 click for the best coverage of Arsenal's final transfer market moves
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