The Italian international attacker’s future at the San Siro has been heavily speculated on leading up to the summer following a disappointing 20104/15 season which saw him score just three Serie A goals.
As per a previous report in the Telegraph, Arsenal wanted to sign the 22-year-old during the January transfer window and after missing out, were considering making a move during the summer.
The Gunners, however, have so far yet to pursue their reported interest and now fresh reports claim a new club has decided to swoop in - French top-flight outfit Monaco seemingly thrashing out a quick deal.
“El Shaarawy is one step away from Monaco. An agreement has been arranged following a meeting with his agent, and a medical is expected to take place on Sunday,” the Italian report states.
Will Arsenal regret not making a move for Stephan El Shaarawy?
The Milan youngster has bags of potential, yet his progression at the San Siro was evidently halted last season as he struggled to make an impact when given rare first-team opportunities.
Arsene Wenger’s side were said to be interested in his services, but El Shaarawy’s struggles over the last few months of the campaign may have ultimately put them off making a move.
The Gunners currently boast a number of excellent attacking options, therefore unless a potential acquisition is better than what they currently have, another addition seems fairly unlikely.