Arsenal's £92m move to sign Thomas Lemar from Monaco has broken down, according to Sky sources.
Sky Sports News understands the Gunners' club-record offer for the France international was accepted by Monaco, but the deal is now very unlikely to happen before the close of the summer transfer window.
One source has told Sky Sports News that Lemar is not interested in a switch to the Emirates and would prefer to move to Liverpool.
While another source has told Sky Sports News that Arsenal have withdrawn their interest in the 21-year-old.
Liverpool have already failed with two bids to sign Lemar, with the latest offer totalling only £64.8m.
Lemar is currently due to play for France in Thursday's World Cup Qualifier against the Netherlands at the Stade De France in Paris.
He scored 12 goals in 39 appearances last season as Monaco won the Ligue 1 title for the first time in 17 years.
Thomas Lemar in profile
Here's why the Monaco winger is such an attractive prospect for clubs...
Monaco have already sold a number of key players this summer, including Bernardo Silva and Benjamin Mendy to Manchester City and Tiemoue Bakayoko to Chelsea.
They said in July there would be 'no more departures' amid continued interest in Lemar, Djibril Sidibe and midfielder Fabinho and Kylian Mbappe. The latter is now understood to be on the verge of a season-long loan move to Paris St Germain.
Watch the new signings back in Premier League action from September 9 as Man City host Liverpool live on Sky Sports Premier League at 12.30pm.
Sky Sports News understands the Gunners' club-record offer for the France international was accepted by Monaco, but the deal is now very unlikely to happen before the close of the summer transfer window.
One source has told Sky Sports News that Lemar is not interested in a switch to the Emirates and would prefer to move to Liverpool.
While another source has told Sky Sports News that Arsenal have withdrawn their interest in the 21-year-old.
Liverpool have already failed with two bids to sign Lemar, with the latest offer totalling only £64.8m.
Lemar is currently due to play for France in Thursday's World Cup Qualifier against the Netherlands at the Stade De France in Paris.
He scored 12 goals in 39 appearances last season as Monaco won the Ligue 1 title for the first time in 17 years.
Thomas Lemar in profile
Here's why the Monaco winger is such an attractive prospect for clubs...
Monaco have already sold a number of key players this summer, including Bernardo Silva and Benjamin Mendy to Manchester City and Tiemoue Bakayoko to Chelsea.
They said in July there would be 'no more departures' amid continued interest in Lemar, Djibril Sidibe and midfielder Fabinho and Kylian Mbappe. The latter is now understood to be on the verge of a season-long loan move to Paris St Germain.
Watch the new signings back in Premier League action from September 9 as Man City host Liverpool live on Sky Sports Premier League at 12.30pm.
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