Arsenal and Newcastle United have made offers for Lazio midfielder Sergej Milinkovic-Savic.

Il Messaggero says Arsenal have failed with a bid for Milinkovic-Savic.

Having signed Gabriel Jesus and remaining in pursuit of Ajax stopper Lisandro Martinez, it seems that midfield is the next area to strengthen for Mikel Arteta.

Arsenal have submitted a bid for highly-rated Milinkovic-Savic worth somewhere around £47m.

However, both the Gunners and Newcastle are said to have seen offers rejected by Lazio, who want somewhere close to £69m for the Serbian international.