Arsenal face a desperate race to keep French defender Bacary Sagna who is set to depart the north London club for free when his contract runs out next summer.
The Frenchman is one of Arsenal's longest serving players and since his arrival from Auxerre in 2007, has been hailed as the best right-back in the Premier League by manager Arsene Wenger on the club's official website.
According to exclusive reports in the Daily Mail Arsenal's attempts to keep the 30 year old have so far failed as they have been unwilling to increase his £60,000 per week wages.
The Sagna camp are also seemingly unimpressed with Arsenal's offer of only a 12-month contract extension as per Arsene Wenger's policy for over 30's.
The French international, who has been previously linked with Real Madrid, is thought to feel disrespected by the Gunners' latest offer as he feels he showed loyalty to the club in recent seasons - during a difficult stage for Arsenal.
It is unlikely that Wenger will decide to cash-in on the in-demand French defender in January as that could risk unsettling the Gunners' storming title bid.
Sagna will also certainly be aware that a free transfer next summer could result in a hefty pay rise with big-spenders: PSG, Manchester City, and Galatasaray all reportedly interested in the defender.
Arsenal's chief scout Steve Rowley has also been instructed to begin searching for a replacement for the defender - yet further evidence that the star is about to slip out of Arsene Wenger's grasp.
The Arsenal manager's stubborn 12-month policy for players over 30 has come under scrutiny in recent years as it has been sighted as a major factor in the departure of some of Arsenal's most senior players including the likes of Arsenal invincible Robert Pires in 2006, as highlighted in an interview with the BBC.
Arsenal still have time to tie up Bacary Sagna but as the negotiations wrangle on, the clock is quickly running out with foreign clubs able to sign the star on a pre-contract from new year's day.