Arsenal’s attempts to sign Ivan Perisic from Inter Milan or fellow winger Yannick Carrasco of Dalian Yifang look to be over.
However the Gunners are still working on a deal for Paris St-Germain midfielder Christopher Nkunku.
At the start of the transfer window, Arsenal made an approach to take Belgium forward Carrasco, 25, on loan.
The loan fee they proposed was deemed too low but there was optimism an agreement could be reached.
The idea of joining Arsenal appealed to Carrasco – partly because returning to Europe would have suited his family and the Belgium national team – and he was willing to accept a salary reduction.
