Arsenal transfer news: Wenger rubbishes Balotelli link; £25m star targeted

Mario Balotelli playing for AC Milan

All the latest transfer news and gossip from The Emirates this morning.

Any arsenal fans hoping to see the controversial figure that is Mario Balotelli plying his trade at The Emirates next season may be disappointed. The ex-Manchester City forward has been heavily linked with a £29 million switch to The Emirates in recent days - but now Arsene Wenger has spoken about a potential deal.

And he did not sound keen, reportedly stating on beIN SPorts that the rumour was 'pure invention'.

Arsenal reportedly want to sign the Italian striker before their July 10th Puma kit launch. It is believed the German sportswear giants would be putting much of the financial clout behind a deal - considering Balotelli is one of their marquee clients.

Arsenal appear to be in the race to sign Alexis Sanchez, as many papers pick up on the rumours that began circulating yesterday evening.

The Chilean, who has been one of the stars of the World Cup so far, is reportedly available for around £25 million and is also being pursued by Italian champions Juventus.

Carlos Vela will officially not be signing for Arsenal again after Real Sociedad announced he was their player outright.

Arsenal had a cheap as chips buy-back clause written into Vela's previous deal in the Basqe country, but his new five-year-deal means he is going nowhere:

"Real Sociedad have reached an agreement with Arsenal FC which will allow Carlos Vela to continue at the club on a permanent basis."

Arsenal have reportedly cashed in on £12 million from the agreement.

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