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Arsenal willing to take £10M loss on Arshavin

Arsenal are prepared to sell Andrey Arshavin for a knockdown £5 million.

The Daily Express says the Arsenal players have grown frustrated with Arshavin's poor workrate, while manager Arsene Wenger has also lost faith in the forward - proved by the fact he has now fallen behind youngster Alex Oxlade-Chamberlain in the club's pecking order.

With Oxlade-Chamberlain's breakthrough and Gervinho due to return from the African Cup of Nations this month, Arsenal will listen to offers over £5m for the man they paid a club record £15m for.

Anzhi Makhachkala are in contact with Arsenal over a deal.

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