The Gunners are keen on the striker but their current offer has been deemed as unacceptable.
Deportivo striker Lucas Perez
According to the Daily Mail, Deportivo La Coruna have rejected Arsenal’s bid for Lucas Perez, deeming the offer as unacceptable in its current form.
The Gunners made a move for the striker earlier this week, with Spanish newspaper El Confidencial reporting that they had made a last-ditch bid to snatch him from under the noses of Everton.
They reported that Arsene Wenger’s side were willing to pay his £17 million release clause to take him to the Emirates in an attempt to end their hunt for a striker.
Deportivo striker Lucas Perez
However, now the Daily Mail reports that the potential deal has been held up after Deportivo deemed their opening offer as unacceptable.
According to them, Arsenal want to pay his release clause in two instalments rather than upfront but the La Liga side want the money in one payment.

Deportivo striker Lucas Perez
It is thought that the striker prefers a move to the Emirates over Everton, principally because they can offer Champions League football.
However, this hold-up in the deal will give Ronald Koeman’s side hope they can steal in and secure the Spaniard ahead of their Premier League rivals.
Arsenal manager Arsene Wenger
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