Serie A side Inter Milan have reportedly failed in their latest move for Arsenal target Alvaro Morata. According to Italian source Tutto Mercaro Web, the San Siro giants have been pegged back despite returning to the table with a bid in the region of 14.8million for the Real Madrid striker. Inter and the Gunners had previously explored the possibility of acquiring the Spaniard on a season-long loan deal, but the La Liga heavyweights are seemingly holding out for a large transfer fee resulting in a permanent departure from the Bernabeu. The report claims that Inter’s latest offer is still likely to be turned down by Real, who are determined to make more than 20m from the deal. Arsenal continue to monitor the situation with interest, with a source close to the Gunners telling [football] direct news that the north London outfit expect to bring in at least one high-profile forward during the summer transfer window. Boss Arsene Wenger is short of options up front, and England star Theo Walcott is still several months away from returning to the first-team fold following a serious knee injury. Watch Chelsea v Stoke on Saturday and Arsenal v Everton, West Ham v Liverpool on Sunday. 24-hour Sky Sports day pass for only 9.99. No contract.