Arsenal face a battle to keep hold of defender Laurent Koscielny.

The Telegraph says PSG, Monaco and Bayern Munich are chasing the France international.

The 28-year-old French international still has a number of years left on the contract he signed in 2012 which means interested clubs would have to bid well over £20 million for him but is believed to be unhappy with his current deal in which he is paid significantly less than his defensive partners Per Mertesacker and Thomas Vermaelen.

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