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Bolton Wanderers are hoping for an auction to spark over the sale of Rob Holding, according to reports.
The Bolton News says Arsenal had an opening offer – £2m rising to £5m – snubbed by the relegated Championship side last week.
Despite their financial issues, Bolton are ready to wait for bigger offers with a host of clubs including Everton, Bournemouth and Celtic on the prowl.
Interim Trotters boss Jimmy Phillips revealed he was forced to leave Holding out of the final-day defeat at Fulham to avoid the 20-year-old picking up an injury and wrecking a transfer.
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