That’s according to Ben Jacobs, who told The Done Deal Show: “When we first spoke about this the fee was £55m in Man City’s head, somewhere in that ballpark.
“For whatever reason, Arsenal felt that £55m was too high, but the situation now is that Man City are ready to accept an offer and the value of the deal has dropped between £10-12m, so it’s well within Arsenal’s ballpark.
“Now City will let Jesus go for somewhere in the low 40 millions, so Arsenal will now see that as value, but the irony is that when you drop the price you increase the interest.”
But while the Gunners are going hell for leather to sign Jesus, they are set to face competition.
Tottenham have been linked, and fresh reports now claim Chelsea are chasing a deal for the Brazilian striker.
Fabrizio Romano says Chelsea are one of five clubs to express an interest, but they are also considering a deal for RB Leipzig star Christian Nkuku.
Check out the latest Premier League transfer speculation below...
“Now City will let Jesus go for somewhere in the low 40 millions, so Arsenal will now see that as value, but the irony is that when you drop the price you increase the interest.”
5. Leeds ‘most interested’ in Castellanos
Leeds United are now the most interested club when it comes to signing New York City’s MLS golden boot winner Valentin Castellanos, who is expected to move on this summer. (90min)
6. Hammers turn down Bissouma deal
West Ham are understood to have turned down the chance to make a £25m bid for Brighton midfielder Yves Bissouma. (Claret and Hugh)
7. Toon plot double deal
Everton star Dominic Calvert-Lewin and Southampton midfielder James Ward-Prose are both understood to be on Newcastle United’s wish list, but any potential deal could cost the Toon Army big money. (Miguel Delaney)
8. Spurs eye Paqueta
Tottenham have been tracking Lyon’s Brazil international Lucas Paqueta, who is also being heavily linked with Newcastle United. (Football.London)