Premier League clubs can land their European transfer targets for a reduced price in January due to a change in currency conversion rates, reports Sky Sports. The decline in the value of the euro, meaning clubs in Britain - which use the pound - can get more for their money.
On Monday, according to www.xe.com, £1 equated to 1.33 euros.
"We're told by sources in Spain that Arsenal have agreed a fee for Gabriel of 18m euros," said Sky Sports News.
"Had Arsenal paid that figure a couple of weeks ago, on January 7, it would have cost them £14.1m. Today, that same fee is worth £600,000 less: £13.5m."
Similarly, Chelsea target Juan Cuadrado has a 35m euro buyout clause in his contract. Should the Blues wish to pay that on Monday to sign the striker from Fiorentina it would cost them £26.2m, compared to £26.9m last week.
As a result, Chelsea could delay their bid until later this week or even Deadline Day, when the euro may have fallen even further.
