are willing to let go of Gary Cahill for the right price.

Arsenal had a lowly bid for Cahill rejected by the Trotters on Friday, but with the Gunners still in need for a defender and Bolton willing to sell, negotiations over the transfer are likely to resume.

The 25-year-old, whose contract at Bolton expires at the end of the season, turned up a rare below-par performance as his side lost 3-1 to Liverpool on Saturday- hinting that his head might have been turned by a move elsewhere.

Thus, Bolton boss Owen Coyle has not ruled out a sale of his centre-back.

“If something happens prior to Wednesday and Gary is to leave the club then I, as a manager, will wish him all the very best. He is a great lad,” Coyle said.

“But if it doesn’t then Gary is all heart and he will be ready to give everything for Bolton Wanderers.”

“Gary wants to play at the highest level and there is nothing wrong with that ambition and he has been a terrific servant for Bolton.”

According to the Mirror, Arsenal are set to make a new offer of £12M possibly rising to a conditional £15M for Cahill, and following Bolton’s match on Saturday, Owen Coyle admitted the club had resigned to losing Cahill.

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“The bottom line is, if someone out there has a price that I think is the right value for Gary Cahill and they make an offer, then there is a chance business will be done.” Coyle added.

“If they don’t, there is nothing to talk about.”