Inter MIlan have pulled the plug on a swap deal involving Fredy Guarin and Mirko Vucinic because of economic concerns, the club have announced.

It has been widely reported that Juventus and Inter Milan were close to agreeing a deal that would see the Montenegrin international move to the San Siro in a straight swap for Guarin.

Such news was a blow for Arsenal, who were reportedly interested in bringing the 30-year-old striker to the Emirates following the injury to Theo Walcott.

Arsene Wenger had hinted that Vucinic was one of a number of targets he has been looking at but denied making a formal approach to Juventus regarding the player. 

With the swap deal involving Vucinic close to completion, it looked as though Wenger would face missing out on the player but now the deal has collapsed, it provides hope that Arsenal could still bring in reinforcements before the January window closes.

Inter Milan confirmed on their website: "FC Internazionale has decided not to proceed in negotiations with Juventus for the transfer of players Fredy Guarin and Mirko Vucinic."

The Serie A outfit stated that there were doubts over the "technical and economic" aspects of the deal and worried it would prevent the team from strengthen other areas whilst also adhering to Uefa's Financial Fair Play regulations.

Chelsea were also believed to be interested in Guarin - the other player involved in the swap deal - however, after the signing of Nemanja Matic from Benfica, it is not known whether Jose Mourinho retains his interest in the midfielder.

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Inter Milan
Premier League
Arsenal
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Football