The North London club have met with officials from the German side to discuss the left-back.
Real Madrid’s Asier Illarramendi has been linked with Liverpool and Arsenal in recent weeks.
The retired Barcelona defender has stated that the Argentine is the best player on the planet.
The Colombia international has confirmed that he is moving to the Estadio Vicente Calderon.
The Leeds boss studied Borussia Dortmund over the summer... and Red Bull Leipzig.
The Gunners midfielder has published a picture of himself on holiday with Andriani Michael.
The Portuguese forward has stated that he has not intentions of leave the Estadio Santiago Bernabeu.
The Argentina forward has admitted that he felt that his side could have been eliminated in the Copa America quarter-finals.
The Reds attacking midfielder was in action at the Copa America on Saturday night.
The French side may look to make the most of losing their star striker.
There have been rumours that Gus Poyet isn't happy with transfer business at the club and who gets to say the final say over players. Should this issue have been sorted before his appointment?
Southampton, Norwich City, Crystal Palace, Arsenal, Everton, Newcastle United and Tottenham Hotspur feature.
Arsenal have Thierry Henry back training with the first team squad.