All the latest transfer news and gossip from The Emirates this morning.
The young Frenchman has been heavily linked with Bordeaux, who want him as cover for Cheik Diabate. However Arsene Wenger would prefer him to gain some Premier League first-team experience and that has led him to consider Crystal Palace as the best option.
Alan Pardew has faith in Sanogo's ability and a deal is now said to be on the brink of completion.
Sanogo will be the second Arsenal forward to leave the club on loan this month, following in the footsteps of German international Lukas Podolski, who joined Inter Milan.
However Palace also have competition for his signature from Hull City. The Tigers boss Steve Bruce has confirmed that his team are keen on the signature of Sanogo:
“It’s been made clear that the boy might be available on loan and it’s something we’ll have a look at.
“We have got four or five things going, like most Premier League clubs. We’ll have to wait and see..."
Arsenal are said to be considering a £16 million bid for Ilkay Gundogan.
The German international, who has recently returned to action following a long-term back injury, has reportedly rejected Borussia Dortmund's latest offer of a new deal and would like a move to England.
Manchester United are also said to be keen but it would be a gamble on a player who has failed to find his best form since his return to fitness.
"We're not on the case."