Zenit St Petersburg are ready to re-sign Arsenal midfielder Andrey Arshavin.

The 32-year-old Russia international was released by the Gunners and now Zenit's owners, the gas giant Gazprom, have approved his acquisition.

Gazprom's chief executive Alexei Miller told Sport Express Daily: "We have to remember that Arshavin is a product of Zenit and I think it right that a product of Zenit finishes his career at his native club.

"Arshavin is a great Russian footballer and a great Petersburg sportsman."