Stephan Lichtsteiner rejects Juventus extension offer

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Arsenal and Chelsea have been offered hope in their alleged pursuit of Stephan Lichtsteiner after the right-back rejected the offer of a new contract at Juventus.

The Daily Express reports how the 30-year-old defender has entered the final 12 months of his current deal in Turin, but has turned down the option to renew with the Serie 'A' champions because he's holding out for more money.

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Juventus are willing to offer Lichtsteiner a deal that is believed to be worth £2 million per year, but the Switzerland international is looking for at least a £2.4m net pay packet - and won't accept anything less.

The news will give encouragement to his Premier League suitors with Arsene Wenger still on the lookout for a replacement for Bacary Sagna, who left the Emirates Stadium to join Manchester City on a free transfer earlier this summer.

Bacary Sagna replacement?

Lichtsteiner could comfortably fill the void left by the Frenchman, and would not cost an extravagant fee, given the fact he has less than one year remaining on his Juventus contract.

The Gunners have failed to reach an agreement with Newcastle United over a fee for Mathieu Debuchy, and with Tottenham reportedly set to hijack a deal for Ivory Coast defender Serge Aurier, Lichtsteiner could turn out to be the best option available to Arsenal this summer.

Chelsea interest

However, they might yet face additional competition for his signature from Chelsea, as Jose Mourinho is also on the lookout for reinforcements in that area of his squad at Stamford Bridge.

Cesar Azpilicueta spent a large part of last season operating on the left side of defence, and following the recent departure of Ashley Cole he could be played out there permanently with the Blues yet to bring in cover at left-back.

Any prospective transfer to either Arsenal or Chelsea will not happen until after the World Cup, where Lichtsteiner is currently playing with Switzerland as they prepare to take on Argentina in the last 16.

Upon his return from Brazil the full-back will likely hold further talks with Juventus, but failure for them to meet his wage demands could result in a Premier League move later this summer.

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