Shakhtar Hand Arsenal £88m Mudryk Transfer Ultimatum After Chelsea Begin talks

Arsenal will have to substantially raise their offer for Shakhtar Donetsk winger Mykhailo Mudryk if they are to land the 21-year-old this month.

The Gunners tabled a second bid for Mudryk on Monday after having their opening offer of around £55 million (€62.5m) rejected.

But Shakhtar have also now indicated that Arsenal's latest proposal - believed to total around £62m (€70.5m) - was once again far too low, with the Ukrainian side holding firm on their £88 million (€100m) valuation. 

Arsenal are desperate to get a deal done for Mudryk this month to bolster Mikel Arteta's attacking options ahead of the second half of the season and the player has made it known how keen he is on making the move to north London.

But sources have confirmed to GOAL that Shakhtar would be willing to put an end to the ongoing talks this month if their valuation is not soon hit and would wait until the summer before restarting any negotiations.

Arsenal also have the issue of Todd Boehly's Chelsea to deal with, as the west London club are now in active talks with Shakhtar over Mudryk - although they are not yet understood to have tabled an official offer.

Source: GOAL