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Premiership champions Arsenal are set to undergo talks with Valencia this week over a proposed move for Miguel Angel Angulo.
The 27-year-old is reportedly a long-term target for Arsene Wenger and has recently rejected a fresh contract offer from the Spanish champions
Arsenal are understood to have submitted an improved offer for Valencia's Miguel Angel Angulo and should finalise a deal before the transfer deadline.
Reports in Spain claim The Gunners have raised their offer for the midfielder-cum-striker to €5.5 million, and Valencia are now ready to do business.
Valencia manager Claudio Ranieri has admitted Miguel Angel Angulo is on his way out of the club, with Arsenal poised to clinch his signing.
The Gunners have submitted an improved £5.5 million offer for the 27-year-old which the Primera outfit are understood to have accepted.
Miguel Angel Angulo is surprisingly set to remain with Valencia and spurn a move to Arsenal, after making a late change of heart on his Liga future.
The 27-year-old was expected to join The Gunners on Tuesday after being left out of the Che side who kicked off their campaign with a 2-1 win over Villarreal on Monday.
Valencia star Miguel Angel Angulo has revealed why he decided against joining Arsenal on transfer deadline day.
The Spanish forward was all set to become Arsene Wenger's latest capture after travelling to London to complete a move to Highbury.