Arsenal have made contract rebel Bacary Sagna a final £75,000-a-week offer to extend his stay in north London, and are unwilling to increase those terms despite renewed interest from Fenerbahce.
According to the London Evening Standard, the Turkish Super Lig champions are ready to meet the France international's £100,000-a-week demands as they look to lure the full-back to the Sukru Saracoglu Stadium.
Gunners boss Arsene Wenger wants to keep Sagna at the Emirates, and has already sanctioned a lucrative two-year deal with the option of a third, but has refused to improve that any further after negotiations stalled.
The 31-year-old defender has attracted widespread transfer interest with Manchester City, Inter Milan and Paris Saint-Germain all believed to be monitoring Sagna's situation closely, with his current contract set to expire at the end of the season.
However, Arsenal believe they have made the former Auxerre star a competitive offer, and hope that he'll pen an extension rather than chase the money in Turkey, due to a tax loophole that reduces the amount high earners must pay.
The offer of Champions League football might also convince Sagna to join Fenerbahce, though it's believed he would prefer to remain in a higher-profile league, having enjoyed his seven-year spell playing in England's top-flight.