Bayer Leverkusen have concluded a deal for Josip Drmic, a reported transfer target for Arsenal, FC Nuremberg have confirmed. The Switzerland international, who scored 17 goals in his maiden Bundesliga season, has agreed a five-year contract with his new club.

This announcement represents something of a turnaround after after initial claims in Germany that Arsenal would clinch the signing of Drmic for around £8 million. Lothar Matthaus, now a TV pundit, made the assertion, and was insistent that the player would be moving to north London.

It remains unclear if Arsenal ever had any genuine interest in Drmic, but that now is irrelevant with the 21-year-old set to stay in Germany. The acquisition of another striker is a summer priority for Arsene Wenger, and they must now look elsewhere.

Arsenal have been linked with a number of potential recruits including Atletico Madrid forward Diego Costa, although he appears set to move to Chelsea. There would appear to be a scarcity of reputable goalscoring talent available for transfer this summer given the amount of moves a year ago, when Arsenal missed out on both Gonzalo Higuain and Luis Suarez.

Another striker the Gunners could see slip from their grasp is David Villa, who will reportedly move to MLS just one season after joining Atletico Madrid from Barcelona.