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Gunners made an improved offer for the 22-year-old after the rejection of an offer of £ 15 million in June.
Arsenal is waiting for Celtic after a second offer on the left-back Kieran Tierney.
The Gunners saw an offer of £ 15 million ($ 19 million) rejected for the Scottish International in June and it was expected that they would come back with an improved offer to try to tempt them. Scottish champions doing business.
And they have now made their decision, with an offer of around 25 million pounds ($ 31 million), although it is again structured with installments and additions to allow for more. to get the figure that Celtic was asking for.
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Arsenal hopes that the offer will be attractive enough for Celtic, who has not yet responded to the offer.
Tierney is currently recovering from a double hernia and is also battling a pelvic problem. Hoops boss Neil Lennon revealed last week that the defender was still a month away from his physical form.
Speaking of the possibility that the 22-year-old athlete will go to Arsenal, Lennon added, "I have not paid attention to headlines, I know very well where we stand in relation to the situation.
"I spoke to Kieran in Austria and, to be honest, I did not see much, because he came back early for his rehab, so he has not been on the field yet.
"It can be a troubling time for any player and that's understandable, but as long as the club is not able to give a realistic badessment of the player, we have nothing to do and we will not do it.
"It's like you were, Kieran is continuing his rehabilitation and we are moving into what we need to do here."
Arsenal is currently in the United States preparing for the first of four games of their pre-season tour.
They will face the Colorado Rapids on Sunday before playing three matches of the International Champions Cup against Real Madrid, Fiorentina and Bayern Munich.
The new technical director of the club, Edu, is part of the group in Los Angeles, as the head of football, Raul Sanllehi.
Both continue to work on potential new recruits, the Gunners still hoping to be able to defend St. Stephen's center William Saliba, despite Tottenham's late bid.
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Arsenal had signed a 27 million pound ($ 34 million) deal for the 18-year-old, who had signed a five-year contract.
But at the time of finalization of the transfer, the Spurs aligned Arsenal's entire offer, while offering Saint-Etienne an initial package more attractive in terms of the structure of the transaction.
Discussions continued over the weekend, but Arsenal remains optimistic and has already done enough to convince the player to settle in the UAE.
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