Transfer: Shakhtar reply Arsenal’s €65m bid for Mykhailo Mudryk

Shakhtar have rejected Arsenal’s €65million offer for Mykhailo Mudryk, according to ESPN.

The Ukrainian club is holding out for their €100m asking price.

The Gunners’ initial bid was €40m up front with €25m in add-ons.

Arsenal are the only team to submit a formal offer and negotiations between the two clubs are continuing.

The 21-year-old registered three goals and two assists for Shakhtar during the Champions League group campaign this season.

With the club missing out on the revenue from progressing for the knockout stages and the ongoing disruption caused by Russia’s invasion of Ukraine, Shakhtar are prepared to offload their star player in January.