Sami Khedira
Khedira has 12 months remaining on his Real Madrid deal.

Real Madrid midfielder Sami Khedira's decision to move to either Arsenal or Chelsea will be dictated by money, according to former Blues forward Tony Cascarino.

Kheidira is expected to leave Real this summer with only one year remaining on his current contract, despite helping the club win the Champions League and inspiring Germany to a fourth World Cup in Brazil.

Both Arsenal and Chelsea have been heavily linked with a switch for the 27 year old, though the player's agent has denied his client is in discussions with either club.

But with only 12 months left on his deal, Cascarino expects money to be the deciding factor over Khedira's next move.

"Khedira's move will come down to the two London clubs, Arsenal and Chelsea," he told talkSPORT. "Whoever buys him is getting a fine player. He's someone who can do something a little bit different.

"It might come down to money, whether he goes to Arsenal or Chelsea. That will make up his mind.

"He's only got one year left on his contract and he's just trying to see what's available."

Khedira's experience in the European game would make his signing a significant coup for either Arsenal or Chelsea, both of whom have been busy in the summer transfer window.

Chelsea have already signed Diego Costa, Cesc Fabregas and Felipe Luis while Arsenal made the marque addition of Alexis Sanchez from Barcelona last week.

However, according to Khedira agent Jorg Neubauer neither club have made official contact over signing the German.

"We are not in talks with Arsenal," said Neubauer. "I don't think a fee can have been agreed, otherwise I would have been told.

"When a club have an interest I am sure they will call me and we will speak about things. The same goes for Chelsea."