Arsenal boss Arsene Wenger has reportedly had his opening offer for Spanish youngster Ander Herrera rejected.
Fresh reports in Spain state that Real Zaragoza have rejected an opening offer of €10 million, although Arsenal are thought to be preparing a second bid as negotiations between the two parties continue.
According to daily paper AS, Herrera's agent Arturo Canales met with Gunners chief executive Ivan Gazidis on Tuesday, with the pair looking to thrash out a deal that will suit all parties involved.
A €24 million minimum fee release clause would seem like an obvious stumbling block to proceedings, but mounting debts at La Romareda means that the Aragonese are likely to except a fee in the region of €15 million.
The Spanish U21 international has impressed in his first season at La Liga level, appearing 22 times for a side that also contains former Liverpool winger Jermaine Pennant.
Herrera has admitted that a move to the Emirates would be a dream, opening the door to a potential move if the two parties can agree the deal.
"It is a compliment that a great club is interested in me but Arsenal would be a dream," Herrera told AS.
"Right now Zaragoza is my priority, nothing and no one will divert my attention at this time."
Spanish sides Barcelona and Sevilla have both shown an interest in the 20-year-old, who has been with Blanquillos since joining at junior level.
Wenger has been impressed by the maturity, vision and creativity of Herrera, and the north London club are expected to make a second bid for the Basque-born youngster in due course.
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