Arsenal are willing to sell Cesc Fabregas for £44 million.

The Telegraph says Arsenal have immediately rejected Barcelona's opening offer of £27 million.

However, further bids and a repeat of last year's very public pursuit of Fabregas can now be expected.

Arsenal have privately placed a valuation on Fabregas at beyond £44 million, meaning there is currently a gap of around £17 million in their respective positions.

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