Arsenal have set their asking price for Kieran Gibbs.

The London Evening Standard says Arsenal are demanding £15 million for the England left-back.

It has been revealed the Gunners may be forced to lower their asking price for Gibbs as a host of interested clubs believed the figure currently quoted is prohibitive to any deal.

Watford were among those interested but they have since focused on other left-back targets.

Gibbs has also been linked with West Ham and Newcastle United.

He has been made available for transfer with Arsenal looking to offload his £60,000-a-week wages. However, it is believed Gibbs is seeking as much as £80,000-a-week to move clubs – a figure, even in an inflated market place, which puts him beyond reach of most clubs outside the top half of the Premier League.