Arsenal transfer news: Khedira bargain; Reid is £8m star's alternative

All the latest transfer news and gossip from the past 24 hours at The Emirates.

Arsenal are still being linked with a move for Sami Khedira, with it believed that Arsene Wenger has turned face on the potential signing after Real Madrid slashed his asking price.

The club originally wanted £25 million for the player but as it emerged that he has rejected a new deal at the club they are prepared to move him on now rather than lose him for free next summer, when his contract expires.

He is reportedly available for £12 million, a price Wenger now believes is worth the risk despite fears over his injury record. The Gunners will also look for Khedira to slash his apparent £200,000-a-week wage demands.

West Ham defender Winston Reid is being lined up by the club according to reports. The New Zealand international is out of contract at the end of this season and has impressed during his time in the Premier League.

No official approach has been made, but they are keeping tabs on the Kiwi.

A move for the player may depend on the protracted transfer of Kostas Manolas. The Greek international is available for £8 million from Olympiakos, a fee The Gunners are reportedly ready to match.

However his agent Mino Raiola is currently in London trying to establish if his client will get a fair crack at the starting centre-back spot.

Manolas has other options in the Bundesliga and Serie A and will consider them if first-team football looks unlikely at The Emirates.

Finally and reported interest in two striker deals that seemed unlikely. Firstly there are rumours of a swap deal between PSG and Arsenal involving Olivier Giroud and Edinson Cavani. However that move seems highly implausible.

Meanwhile reported target Eduardo Vargas has joined QPR on loan for the season, joining his international team-mate Mauricio Isla.

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