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Arsenal are in the process of completing a £36 million deal for Schalke left attacking midfielder Julian Draxler, per Matt Law at the Telegraph.
"Sources in Germany on Friday night claimed Arsenal have agreed a fee with Schalke that would make Draxler the second most expensive player in Arsenal's history," Law wrote. "Negotiations with the player [Draxler] have already started."
If you support Arsenal, there is no point in flicking to the Hamburg vs. Schalke game, because Draxler is out injured, per a tweet via Schalke UK news: "[Schalke manager Jens] Keller on Draxler's injury: The tendon hasn't healed yet. It'll take another few weeks."
Draxler is 6'1", accelerates past opposing defenders and is technically brilliant. On upside alone, he would be worth £50 million should he change positions and transition into a world-class "nine-and-a-half".
Arsenal manager Arsene Wenger knows this, but £36 million for Draxler, who has only scored one goal and created four assists in 14 Bundesliga games, does not correspond with the Wenger way of transfer negotiations.
In 1999, when Wenger was in transfer discussions with Juventus over Thierry Henry, the Serie A club wanted £17 million, per the Guardian.
The British transfer fee record at the time was Real Madrid paying Arsenal £22.5 million for Nicolas Anelka, which overtook Newcastle United's £15 million signing of Blackburn Rovers' Alan Shearer.
Henry, who scored three goals in 16 league games for Juve, was not worth £17 million at the time, so Wenger played hardball and eventually signed the French winger for £10.5 million, a then-club record transfer fee.
Here is the situation right now: Schalke can wait until the summer when Draxler's £37.8 million buy-out clause kicks in, per Jeremy Wilson at the Telegraph, or the Bundesliga club can take a slightly reduced fee right now.
The latter option is guaranteed, whereas the first option is unguaranteed—a lot can happen from now up to the summer transfer window that can adversely affect Draxler's transfer stock.