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Arsenal January transfer news LIVE: Latest Aubameyang bid knocked back

Arsenal have seen a second approach for Borussia Dortmund striker Pierre-Emerick Aubameyang knocked back, according to Bild.

The Gunners opened the bidding at €50 million but are yet to meet Dortmund's demands.

The Bundesliga side are looking to generate around €70m from the sale of a prized asset and will not be talked into dropping that asking price.

Pierre-Emerick Aubameyang Borussia Dortmund

Arsene Wenger has suggested he is happy if Arsenal do not manage to sign Borussia Dortmund star Pierre-Emerick Aubameyang before the January transfer window closes.

The Gunners have been heavily linked with Gabon international Aubameyang following the departure of Alexis Sanchez to Premier League rivals Manchester United.