Juventus' opening offer for Robin van Persie has fallen well short of Arsenal's valuation.
La Stampa says Juve's formal bid of €10 million was immediately thrown out by the Gunners, which have received an offer from PSG worth three times as much.
Van Persie's €9 million-a-year wage demands are also proving a major hurdle for Juve GM Beppe Marotta to overcome.
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