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Arsenal and Leicester City are still far apart in terms of reaching an agreement to sign Riyad Mahrez, according to reports.
Italian journalist Tancredi Palmieri had claimed via his twitter account that Arsenal were closing in on the Algerian but The Telegraph [via Ibtimes UK] has now revealed that is not the case.
According to latest developments, Arsenal and Leicester are some £15m apart in their valuation of the midfielder.
The Foxes value their star man around £50m but Arsenal are not willing to pay more than £35m for the Algerian.
This has now slowed down the progress of negotiation as both clubs are struggling to reach an agreement.
Mahrez who revealed in May that he wants to leave Leicester City this summer has already submitted a transfer request and has been assured by Leicester City that he will be allowed to leave if a club meets their demands.
Mahrez value had fallen after a dismal campaign last term. The 2015/2016 PFA player of the year failed to impress last season and is struggling to attract suitors, with reports claiming he is even Wenger’s second choice behind Monaco’s Thomas Lemar.
However, Arsenal are still in advanced negotiations with Leicester City for the star and are confident the wingers desire to leave the Foxes will swing things in their favour to complete a deal for the PFA winner.
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