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.
