In their reported efforts to attract Stevan Jovetic to the club, it appeared at the end of the season that Arsenal had their house in order.
They had secured Champions League football, and also had a reported transfer pot of £70 million to spend - before player sales.
It was even claimed the Gunners may have tied up a deal in advance behind the scenes, but Fiorentina were quick to quash this last week insisting there had so far been no approach.
Last night it was reported by The Mail that Arsenal are now haggling over the Viola's £25 million asking price for the forward.
"Gunners chiefs have told Fiorentina they are only willing to pay £20million to sign the Montenegro striker."
There are other reasons emerging as to why Arsenal may be unsuccessful in signing the player, after his agent said last week that Jovetic would prefer to remain in Italy - with Juventus said to be preparing to step up their pursuit.
If Arsenal missed out on him because of that, it would in many ways be understandable. If Jovetic does prefer to stay in Italy and they have done their best to persuade him otherwise, but gave it a shot anyway, then at least they tried.
Juventus also represent a more surefire route to winning trophies, lifting the last two Scudetto's in succession, so Jovetic choosing them would also be a logical choice for him.
What would be frustrating however, is if the Gunners miss out on him having not even met Fiorentina's asking price.
Jovetic is seen as the game-changer Arsenal need in their attack, and having been identified by the Arsenal hierarchy long in advance of the transfer window, failure to front up their end of the attempted swoop reflects badly.
Clearly Wenger and the board are having their doubts as to whether the player is worth the £25 million being demanded, but the club need to 'play the game' if they are serious about signing him.
Often this does mean paying over the odds for players - look at Monaco paying €70 million combined for James Rodriguez and Joao Moutinho. It's an extortionate amount, but because they were serious about signing the pair and beating rivals to their signature, the ambitious club paid the extra 10-25 per cent required to close the deal.
Arsenal's deliberating at this point makes them appear to lack the decision-making and leadership needed to push through a major deal. Some may describe it as being sensible, but we expect most Arsenal fans are tired of this type of talk.
With a reported £70 million to spend, bolstered by a Premier League record kit deal with Puma, Arsenal have the finances required to pull off the big deals.
Whether they have the willpower, at this point, remains to be seen.
Arsenal fans what do you make of talk the club are refusing to pay £25 million for Jovetic?
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