Arsenal have been priced out of signing Yannick Carrasco by Chinese outfit Dalian Yifang, according to The Sun.
Gunners boss Unai Emery made attempts to bring Carrasco to the Emirates in January but a deal could not be agreed.
Despite missing out in the last window, the Spanish chief pinpointed the Belgium international as a top summer target.
However, the North London side are operating under a tight budget, meaning they can’t afford to pay Dalian Yifang’s £30million asking price.
– Arsenal are close to the signing of former Atletico Madrid winger Yannick Carrasco
– FC Barcelona target surprise deal for Arsenal full-back Sead Kolasinac
– Arsenal in the hunt to sign AC Milan and Ivory Coast midfielder Franck Kessie
This is a big blow to Emery as he looks to rebuild his team after they failed to qualify for the Champions League for the third season in a row.
Carrasco is the Blue Hawks’ top scorer in the Chinese Super League so far this term, having hit the net seven times in 10 appearances.
However, the winger has made it clear he is looking for a move back to Europe as he hopes to make his country’s squad for Euro 2020.
The 25-year-old has been a regular for the national side since he made his debut in March 2015, but not plying his trade in a bigger league could hurt his chances of being selected for next summer’s tournament.