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It was heavily reported that Arsenal could agree a swap deal to see Olivier Giroud move to Dortmund while Aubameyang will move to the opposite side.
However, Sky Sports are reporting that Arsenal are not interested in sending him the other way as part of the deal to sign Aubameyang. It remains to be seen if the north London outfit will meet Dortmund’s valuation in order to bring Aubameyang to the Emirates before the 23:00 GMT transfer deadline on 31 January.
The Bundesliga side were expected to sign the French striker on loan with an option to make it permanent at the end of the season, but a lack of agreement on the transfer fee for Aubameyang and Dortmund’s poor offer in terms of a loan fee for Giroud is seeing the potential move break down.
Aubameyang’s potential arrival will make him Arsenal’s third acquisition of the winter following the arrivals of Henrikh Mkhitaryan from Manchester United and Konstantinos Mavropanos from PAS Giannina.
Meanwhile, according to the Mirror, Chelsea have identified Giroud as an alternative if they fail to sign AS Roma forward Edin Dzeko. They are said to be in advanced talks to sign the Bosnian from the Serie A outfit but are keeping their options open in case the move fails to materialise in the coming days.