The Gunners had been hoping to sell the homegrown star to make room in the squad for a high profile striker signing.
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However, Fabrice Hawkins of French outlet RMC Sport states that L’OM are not impressed with Arsenal’s demands.
The Gunners wanted a fee that was beyond the French giants’ capability for Nketiah.
Instead, they are set to sign Elye Wahi from Ligue 1 rivals Lens for a fee of €25M
Arsenal had wanted a minimum of €30 million for Nketiah, excluding additional bonuses.
