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As featured on NewsNow: Football news

Arsenal boss Wenger confident they have deal for Oxlade-Chamberlain

Arsenal are convinced of the signing of Southampton youngster Alex Oxlade-Chamberlain.

The Daily Star says Arsenal will confirm the £10m signing of Southampton starlet Oxlade-Chamberlain next week.

The Gunners have made official contact with Saints regarding a swoop for the highly rated winger.

And representatives from both clubs will hold top-level talks as the Gunners look to tie up a move for the player.

The main point of discussion will centre around how the £10m fee is broken up.

Arsenal are looking to pay an initial fee of between £6m-£7m with the rest made up of add-ons.

The signing will be seen as a statement of intent by Arsenal as the Gunners attempt to match main rivals Manchester United and Liverpool by splashing out on £60million-worth of talent.

 It's kicking off again! Click here for your No1 source for Arsenal transfer market news and gossip.

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