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Arsenal 'launch £55m bid for Mykhaylo Mudryk', with Gunners boss Mikel Arteta stepping up pursuit of Ukrainian winger.... but Shakhtar Donetsk will demand more for the 21-year-old star

Arsenal have submitted a £55million bid for Shakhtar Donetsk star Mykhaylo Mudryk as Gunners boss Mikel Arteta targets a busy January transfer window.

The initial bid is supported by £17.6million in add-ons according to reports, with Mudryk keen on pushing through a January move to the Emirates.

However, Donetsk are reportedly holding out for more with the Champions League Ukrainian side believing they can negotiate a higher fee with a number of top European clubs interested in the 21-year-old.

Talks between the player's agent and Arsenal's representatives are now expected to take place with the winger focused on securing a move to the Premier League leaders.