Arteta, however, appears to have settled on Mosquera as his No.1 target but the Gunners will have to raise their initial offer of €19 million after it was dismissed out of hand by Valencia, according to Eldesmarque.
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The Spanish club are determined to retain the services of the 21-year-old who they view as a player they want to build a new-look team around.
RB Leipzig, AC Milan and Aston Villa have also been linked with a move for the Spain Under-21 international but Valencia are keen to negotiate a new contract.
Mosquera played against England at the Under-21 Euros (Picture: Getty)
Mosquera’s current deal expires next summer, but Valencia do retain the option to extend for a further 12 months.
Valencia are keen to insert a release clause in any new contract and that currently represents a major sticking point for Mosquera and his representatives.
Los Che want the release clause to be set at around €35m but the player’s agent is insisting on a figure no higher than €25m, although there could be room for flexibility should Valencia qualify for Europe.
Another round of talks are set for July with chief executive Ron Gourlay, formerly of Chelsea,but if a resolution isn’t met then Arsenal may well be succesful were they to table a bid in the region of €30m.
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