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Arsenal Transfer News: Granit Xhaka Bid Reports Denied, Latest Gunners Rumours

Borussia Monchengladbach have denied rumours Arsenal have made an offer for star midfielder Granit Xhaka, while Zlatan Ibrahimovic is reportedly close to signing a new one-year deal with Paris Saint-Germain.

The Gunners have been linked with Xhaka on an almost daily basis for weeks, but Monchengladbach maintain the two clubs have yet to engage in a dialogue regarding the Swiss international.

Sporting director Max Eberl was asked about potential negotiations during a recent press conference, and his answer was simple, via Monchengladbach's official Twitter account:

— Gladbach (@borussia_en) April 13, 2016

Per Goal's Tom Maston, he also laughed off the idea Xhaka could be available on the cheap, saying: "They need not even send the fax with a €30m offer for Granit Xhaka.