Barcelona goalkeeper Victor Valdes will not be joining Monaco this summer after the Ligue 1 giants decided to pull the plug on a long-proposed deal over medical concerns, which means Premier League duo Arsenal and Manchester City can resurrect their interest in signing the Spanish stopper for free.
Valdes agreed personal terms on a move to Ligue 1 many months ago, but his chances of completing a lucrative switch to the principality have ultimately been scuppered by a cruciate ligament injury sustained against Celta Vigo in April.
Monaco didn't believe the 32-year-old could pass a medical and have cancelled a massive Bosman deal, with Mundo Deportivo relaying an exclusive story published in print by L'Equipe this morning that will have Arsenal and City watching with close interest.
Arsenal in particular are in the market for a new goalkeeper to rival Wojciech Szczesny for a starting spot, after regular reserve Lukasz Fabianski agreed to sign for Swansea City after seven seasons at the Emirates.
Wenger is still weighing up the merits of pursing a deal for a proven world-class stopper or capable deputy to Szczesny, but with Valdes now back on the transfer list that stance could well change quickly.
City meanwhile have also been linked consistently with Valdes in the past, particularly during the early part of last season, a period where first choice stopper Joe Hart struggled for consistency.
Hart has re-established himself as the main man in between the sticks at the Etihad, but with Cesar Pantilimon off there is also the possibility City could raid La Liga for another Spanish star this summer.
There of course every chance that injury problems could prevent Valdes signing for any new side before the transfer window slams shut in September, although with Barca's transfer ban suspended expect a man who has won a colossal 23 trophies across his club career to find a move quickly when fully fit.
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