Arsenal have rejected an offer from Bayern Munich for defender Bacary Sagna.

Bayern have tabled an £8 million bid for the France fullback.

BILD says the Gunners have told Bayern their offer is "insufficient" for the French international right-back.

But it could be that Arsenal are prepared to do business if the Bundesliga side come back with an offer nearer £15m for a player also wanted by Italian side Juventus.