Borussia Monchengladbach have revealed that they are interested in Montpellier striker Olivier Giroud.

The Frenchman has emerged as a key target for Arsenal with a £12million deal reportedly close to being finalised but Monchengladbach have admitted they are keen.

However, sporting director Max Eberl has made it clear that he feels the Gunners and bigger clubs in Germany would have more luck in their pursuit of Giroud.

"We remain true to our policy that we do not throw our money out the window. The problem in our negotiations is that we are in competition with clubs like Arsenal and top clubs in Germany," he said.

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