Arsenal in talks to sign Man City star but reach a 'gap in valuation'

Mandatory Credit: Photo by Harry Langer/DeFodi Images/Shutterstock (13892688ia) Muenchen, Germany, 30.04.23: Joao Cancelo (FC Bayern Muenchen) Looks on during the 1. Bundesliga match between FC Bayern Muenchen vs Hertha BSC at Allianz Arena on April 30, 2023 in Muenchen, Germany. (Photo by Harry Langer/DeFodi Images) DFB/DFL REGULATIONS PROHIBIT ANY USE OF PHOTOGRAPHS AS IMAGE SEQUENCES AND/OR QUASI-VIDEO. FC Bayern Muenchen vs Hertha BSC - 1. Bundesliga - Allianz Arena, Muenchen, Germany - 30 Apr 2023 — Arsenal have made a move for Joao Cancelo (DeFodi Images/Shutterstock)

Arsenal have held talks to sign Manchester City full-back Joao Cancelo, according to reports.

After securing a second-placed finish in the Premier League this season, Mikel Arteta is looking to strengthen in several areas in the upcoming summer transfer window.

Arteta is keen to recruit two new midfielders and West Ham captain Declan Rice is one of Arsenal’s top targets.

Arsenal have also reportedly offered a two-year deal to Manchester City midfielder Ilkay Gundogan, who is out of contract this summer. However, the 32-year-old has received a three-year contract proposal from Barcelona, while City are also pushing hard to keep him.

According to Sky Sports, Arsenal have also held ‘early verbal talks’ with City over a possible deal for Cancelo.

However, the broadcaster reports that there is already a ‘gap in valuation’ between Arsenal and City.

Bayern Munich's Portuguese defender Joao Cancelo (L) and Manchester City's Portuguese midfielder Bernardo Silva vie for the ball during the UEFA Champions League quarter-final, second leg football match between Bayern Munich and Manchester City in Munich, southern Germany on April 19, 2023. (Photo by CHRISTOF STACHE / AFP) (Photo by CHRISTOF STACHE/AFP via Getty Images) — Manchester City are open to selling Joao Cancelo this summer (AFP via Getty)

The Premier League champions surprisingly allowed Cancelo to leave in the January transfer window after falling out of favour with Pep Guardiola.

The Portugal international joined Bayern Munich on a temporary deal but it’s understood that the defender does not want to make the move permanent this summer.

Arsenal are looking to sign a new right-sided defender before the start of next season and the Gunners have also held talks with Galatasaray over a deal for Sacha Boey.

A £14m offer has already been rejected by the Turkish club, who are holding out for a fee in the region of €25m (£21.7m).

Another option for Arsenal is Real Valladolid right-back Ivan Fresneda. The 18-year-old was protected by a €40m (£34.4m) release clause but that has now halved to €20m (£17.2m) following Valladolid’s relegation from La Liga.

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Arsenal in talks to sign Man City star but reach a ‘gap in valuation’