Arsenal appear to be facing an obstacle in their pursuit of their main transfer target this summer with little to no money available for major signings to be made.

The Gunners’ majority shareholder Stan Kroenke has maintained his reluctance to put any of his money into the club, with Unai Emery having to make do with a very tight budget.

The Arsenal manager is believed to be keen on signing Wilfried Zaha from Crystal Palace, a player who is also known to be interested in a move to the Emirates stadium.

After making an official offer to sign the attacker this week, some Arsenal fans might have expected the club to make some progress in the ongoing pursuit of Zaha, an earner of £130,000-a-week wages.

However, BBC journalist David Ornstein has revealed that Crystal Palace have turned down Arsenal’s initial bid to sign the player, due to the offer being too low.

Ornstein has gone as far as adding that the transfer of Zaha to Arsenal is now unlikely to happen, with a deal for Celtic defender Kieran Tierney also facing its own obstacle.

Be the first to receive breaking news about Arsenal!