By Alex Taylor

Valencia would accept £21million for Arsenal target Shkodran Mustafi – half of his £42million buy-out clause, according to a report.

The Mirror claim that the Spanish outfit would be willing to accept a cut-price deal for their star man as they seek to recuperate losses after missing out on the Champions League this season.

Arsene Wenger’s side have been tracking the centre-back for some time and the report says that the Gunners made an enquiry as to the availability of the former World Cup winner, but are yet to lodge a formal offer.

The north London outfit have been looking to bolster their defensive ranks after a spate of pre-season injuries have left them short at the back, with Per Mertesacker ruled out for up to five months.

Arsene Wenger has admitted that he is in the market for a new centre-back, although midfielder enforcer Francis Coquelin is being considered as a stop-gap option.

It is believed that Valencia’s Sporting director Jesus Garcia Pitarch could use the money to to refresh Pako Ayestarán’s squad with experienced La Liga players and talented youngsters.

Mustafi, 24, has won 12 caps for Germany after establishing himself as a regular for his La Liga side since his transfer from Sampdoria in 2014.

The former Everton academy graduate featured for the World Cup winners at Euro 2016 and scored in the opening match against Ukraine, which his team won 2-0.

Mustafi has three years left on his current deal in Germany but could be tempted by a move to the Premier League.

In other Arsenal transfer news, Wojciech Szczesny has finalised a second consecutive loan move to Serie A giants Roma.