Arsenal has made a 'table player plus cash' bid for Leicester's James Maddison, in an attempt to reduce the £60 million asking price.

Arsenal has 'offered a player plus cash deal' for Leicester City player James Maddison as they look to add another big-money acquisition this summer.

Mikel Arteta's interest in acquiring Maddison was initially disclosed by Sportsmail last month, as he looks to add flair to his midfield following Martin Odegaard's return to Real Madrid.

According to rumours, Arsenal may consider providing a player in exchange for Maddison in order to reduce Leicester's £60 million asking price.

Football. According to reports in London, the sum has become a major sticking point in discussions for the player who has risen to the top of Arsenal's transfer want list.

Arsenal will sell three players this summer: Joe Willock, Reiss Nelson, and Eddie Nketiah, heightening the prospect that they may be the makeweight.

Last summer, Leicester turned down a £70 million approach from another Premier League team for Maddison, and the 24-year-old then signed a new four-year contract at £100,000 per week. They are in a very strong bargaining position as a result of this.

Arsenal have signed Anderlecht midfielder Albert Sambi Lokonga for £18 million and are hoping to bolster their midfield with his arrival.

Arsenal have spent over £70 million so far this summer after finishing ninth last season and failing to qualify for Europe for the first time in 25 years.

Along with Lokonga, defender Ben White has joined from Brighton for £50 million, while 21-year-old left-back Nuno Tavares has joined from Benfica for £7.2 million.

On Sunday, the Gunners face Tottenham Hotspur in The Mind Series, ahead of their Premier League debut against Brentford on Friday, August 13.