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Arsenal have reportedly been told they must cough up £20m if they wish to sign Everton defender Phil Jagielka.
Gunners boss Arsene Wenger has targeted the England centre-half for the second successive summer as the player to solve his team's defensive problems but has so far had offers of £10m and £14m rejected by the Toffees.
According to The Guardian, Everton boss David Moyes is putting up a fight to hold on to Jagielka and has slapped a £20m price tag on him, a figure that is sure to put off Arsenal.
Moyes views the 28-year-old as a future captain at Goodison Park and despite a lack of funds and no new signings, the Scot is unwilling to allow him to leave.
Arsenal are in the market for a new centre-back but the club have failed to land any of their targets.
Phil Jones opted for Manchester United while approaches for Blackburn's Christopher Samba and Bolton's Gary Cahill have been rejected.
Meanwhile, uncertainty continues to surround the futures of star midfield pair Cesc Fabregas and Samir Nasri.
They have both been included in Arsenal's Champions League squad for the upcoming season which has put pressure on Barcelona and Manchester City to push forward with their respective moves.
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