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Arsenal have had a £22million bid rejected by Juventus for Juan Cuadrado.
Arsene Wenger is prepared to splash the cash this summer and has already done so with the club-record signing of Alexandre Lacazette from Arsenal.
But he has been dealt a setback in his pursuit of Cuadrado.
Colombian radio station RCN claimed yesterday that Arsenal tabled a £22m offer for the winger.
However, The Sun say their offer has been rejected by the Serie A champions.
The report adds his asking price has been set at £26.3m.
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