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Arsenal transfer news: Gunners ready Alonso bid
29th August 2013 12:38pm BST
Arsenal are preparing a bid for Real Madrid midfielder Xabi Alonso but may face competition from Serie A giants Juventus to land the player.
Alonso's contract in Madrid is due to expire at the end of next season and discussions over prolonging his stay at the Santiago Bernabeu have stalled since the player picked up an ankle knock.
The Spain international midfielder, 31, is believed to be open to a return to the Premier League and certainly fits the profile of midfielder Gunners' boss Arsene Wenger appears keen to sign.
Arsenal have so far been frustrated in attempts to strengthen their line-up this summer however.
The Gunners have been beaten to the signature of several key targets including striker Gonzalo Higuain, who joined Napoli, and midfielder Luiz Gustavo, who joined Wolfsburg.
Real, however, are on the verge of concluding the most high-profile switch of the summer with the world-record transfer of Gareth Bale from Tottenham Hotspur.
It is thought the Spanish side are lining up several player sales in order to finance that £86m deal.
Arsenal have reportedly already been in discussions with Madrid over the signing of striker Karim Benzema and winger Angel Di Maria.
However SportsDirect News understands that a new target has since emerged in Alonso.
The former Liverpool man is edging closer to a departure from the Spanish capital, with Italian side Juventus also believed to have expressed an interest in signing the player.