Arsenal will have to pay £55m if they want to sign Liverpool‘s Luis Suarez, after the striker dropped his pursuit of arbitration as a means of leaving for less, according to the Mirror.
Arsene Wenger has been waiting to see the outcome of a contract dispute between the Uruguay international and his club, after he believed his bid of £40m plus a pound would trigger a release clause.
However, the 26 year old has conceded that he will not approach the Premier League to arbitrate, as his contract clearly states that the Reds are under no obligation to sell, and with three years remaining on his contract, manager Brendan Rodgers and the board are determined to keep him unless their valuation is met.
Suarez is odds on with a number of bookmakers to move the Emirates by September 1st, just ahead of the price available for him to remain on Merseyside.
Meanwhile, Atletico Mineiro have accepted Shakhtar Donetsk’s bid of £22m for midfielder Bernard, the Daily Star understands.
Tottenham Hotspur and Liverpool had both also been interested in the Brazil international, who this summer has won both the Confederations Cup internationally, and the Copa Libertadores with his club side.