Transfer News

Spanish defender Nacho Monreal has terminated his contract with English Premier League side Arsenal this as confirmed by NBC journalist Gerry Stuart.

According to Stuart, the 33-year-old has mutually agreed to terminate his £65,000-a-week contract with the Gunners ending his six years association with the club.

Arsenal has recently been linked with a move for Celtic ace Kieran Tierney who is expected to boost the club's defensive unit with the Unai Emery coached side believed to have made another bid after their initial £15m offer was rejected.

More Money

Celtic boss Neil Lennon earlier admitted that Arsenal was going to fork more money if they were to get his player.

"It's going to have to take a lot more than what they’ve offered the first time around," Lennon said.

According to The Sun, Arsenal made a £25m bis which will be made in instalments because of their strict transfer budget. An initial £10m will be paid in the first year and then £10m in the second season.

A further £5m in add-ons will be paid during the remainder of his contract.

Monreal joined Arsenal from Malaga in 2013.