Arsenal have been told a bid of £24 million will be enough to seal the signature of Sporting Lisbon star William Carvalho, reports Portuguese newspaper Record.
The Gunners are on the trail for an authoritative defensive midfielder in the closing days of the transfer window. Ideally Wenger wants one who can also operate at centre-back and Carvalho fits the profile perfectly.
Offered for £24 million
The Portuguese outlet say that Sporting Lisbon have told Arsenal officials that they are ready to accept a structured deal for the 22-year-old. They want £20 million up front with the further £4 million made up of installments and performance related bonuses.
It represents a significant lowering of the original asking price for Carvalho. At the start of the summer Sporting insisted their star player would not be sold for less than his release clause. At £37 million, however, interested parties were put off, forcing the club to lower the demands.
Premier League interest
The news will also be of interest to both Chelsea and Manchester United, who have both been linked with a move for Carvalho this summer. David Moyes appeared keen to bring him to Old Trafford, but interest has dwindled since his departure.
Moyes's successor, Louis van Gaal, would prefer to sign Arturo Vidal while Jose Mourinho opted to bring Benfica midfielder Nemanja Matic to Stamford Bridge in January instead.
That means the Gunners appear to be the only club now chasing Carvalho and gives Wenger time to consider all options before making an acceptable offer.
There is hope that a deal can now be completed, mainly because Arsenal have already offered to pay £24 million for Carvalho. The bid was rejected due to a large portion of the fee being spread out over a period of time. Just a slight adjustment to the original offer will be enough for Wenger to seal a fifth summer signing.
However, any bid from the Emirates Stadium may be wholly reliant on whether Arsenal qualify for the Champions League.
Although Arsenal have spent bid on the likes of Alexis Sanchez and Mesut Ozil in the past year, it is believed Wenger will not make another signing in this window unless Arsenal beat Besiktas in the crucial Champions League qualifier on Wednesday night.
Doing so would guarantee Arsenal around £25 million in revenue and help boost finances.. Arsenal are favourites to progress but having drawn 0-0 in Turkey, a single away goal for the opposition makes life very difficult for the Gunners.