Sky Sports have reported that French international Yohan Cabaye has been the subject of a 10 million bid by Arsenal, which has been turned down by the club.
The Gunners' Premier League campaign began with a crushing 3-1 home loss to Aston Villa at the Emirates on Saturday.
After the match Arsene Wenger was heavily criticised for his recriutment this summer or lack of.
The Arsenal fans made there feelings known throughout the match with chants of "Spend, Spend, Spend", and after with booing at the final whistle.
Arsenal's only summer signing to date remains 20-year-old French striker Yaya Sanogo on a free transfer from Auxerre, while allowing numerous players to leave the club.
It has been claimed that, Wenger has made it clear he does expect to make signings before the transfer window closes at the end of the month, with Cabaye now emerging as a target.
Although the offer is of a similar fee to what Newcastle paid to Lille in 2011, the Geordies have reportedly turned down the offer.
The French international is a firm fans favourite and played an integral role as the Magpies finished fifth in the 2011/2012 season.
The club maintain the player isn't for sale but the if the right offer comes in the club may choose to let Cabaye go.
This would be in a similar situation to Andy Carroll on deadline day to Liverpool as a replacement , as Chelsea broke the British transfer breaking sum when they bought Fernando Torres from the Merseyside club.
This is Arsenal's second high profile unsuccessful acquisition for the club in the transfer market this summer, following their failure to acquire Liverpool forward Luis Suarez after a well-publicised £40m + £1 bid.
It remains to be seen if the club will return with an improved offer, although Suarez seems to have gone someway to repairing his relationship with the club.
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