Arsenal's move for Borussia Monchengladbach midfielder Granit Xhaka seems to have stalled after the Bundesliga club admitted that the offer was lower than expected. The German club's sporting director Max Eberl has made it clear that they will not allow the Swiss midfielder to complete the transfer for the current offer on the table.
The Bundesliga club had earlier confirmed that there was a bid made by an unnamed club, but have now made it clear that it does not meet their valuation of the Gladbach skipper. According to Goal.com the Gunners have agreed personal terms with the Switzerland international, but are yet to agree a fee with the club.
"There is an offer, but it does not mean that we will allow Granit a transfer for that price. We really don't need to discuss the fee proposed in the offer," Eberl told German publication Bild.
Xhaka has made it clear that he wants his future decided before the start of June's European Championship finals in France, and revealed that he is not aware of any talks that are ongoing between his current employers and Arsenal. "Whether there are talks or not, the clubs Gladbach and Arsenal know that, but as of now I am still a Gladbach player. It might change in the next weeks or it might not change. There will definitely be a decision before the European Championship," he added, as quoted by ESPN FC.
According to the German publication, the north London club have offered around €25m (£19.2m, $28m) to bring the midfielder to the Emirates Stadium in the summer, but Monchengladbach are unwilling to do business unless their valuation of around €40m (£30.7m, $44.8m) is met. Arsene Wenger is a keen admirer of the midfielder and is desperate to add quality to his midfield following the departure of Mikel Arteta, Tomas Rosicky and Mathieu Flamini.