Lisandro Martinez: Arsenal slip behind Manchester United in £45m Ajax transfer race
Both clubs are interested in signing Martinez this summer and both have held talks with Ajax.
Manchester United are now seen as the favorites to sign the 24-year-old, and further talks will take place this week.
Ajax demanded around £45million for Martinez and they refused to budge on that asking price.
Arsenal are interested in Martinez as a possible signing at left-back, but also appreciate the fact that he can play in the heart of defense and midfield.
Any move for Martinez is likely to impact the future of Arsenal left-back Nuno Tavares, who is attracting interest from several clubs to sign him on loan.
Marseille and Real Sociedad are both fans of the 22-year-old, who could be allowed to leave for the season so he can get regular first-team football.
It would depend on the arrival of a new left-back as Arsenal won’t want to run out of options there for the new season.
The Gunners have started their pre-season preparations for the upcoming campaign, beating Nuremberg in a friendly last week after having a training camp in Germany.
Arsenal fly to the United States for a pre-season tour on Tuesday, where they will face Everton, Orlando City and Chelsea over the next 10 days.