According to The Telegraph, Arsenal have made an initial bid to sign Chelsea striker Kai Havertz in the summer transfer window.
The Gunners are looking to bolster their squad with multiple signings, and the Germany international has emerged as a target for them.
The North Londoners have submitted an opening offer of approximately £40 million, but the Blues swiftly rejected it.
The West Londoners are holding out for a fee of £75 million for the attacker, but they might need to lower their asking price to facilitate a sale.
The 24-year-old had a challenging 2022/23 season with Chelsea, managing only nine goals across all competitions.
Consequently, his market value has declined significantly, and Chelsea may have to cut their losses on him this summer.
Real Madrid are also reportedly interested in the former Bayer Leverkusen player, but they are not willing to exceed a £50 million offer.
In addition to Havertz, Mason Mount, Mateo Kovacic, Christian Pulisic, and Hakim Ziyech could potentially depart in the near future.
It is believed that Chelsea are eager to balance their financial books before the end of the Financial Year on June 30, prompting them to consider player sales.