Arsenal have reportedly given up on signing in-demand Schalke youngster Leroy Sane after being told they would have to shell out at least £40 million to sign him.
Sane has become one of the most coveted young stars in Europe after a breakout season in which he has scored five goals and provided four assists in 21 Bundesliga appearances, per WhoScored.com.
The young winger signed a new four-year deal with Schalke last summer, and the Bundesliga club denied the contract included a £29 million buyout clause, per Irwin.
As such, Schalke can name their price, and they have seemingly valued Sane at over £40 million, a figure that has scared off Arsenal.
Gunners fans may well be unimpressed, especially after manager Arsene Wenger eschewed the option to spend any of his reported £200 million kitty on bolstering his attacking options in January, per Bleacher Report's Dean Jones:
However, the Frenchman may be intending to spend money on more proven quality in the summer.
Sane is undoubtedly a huge talent, per Squawka:
However, he only made his Germany international debut in November and has yet to prove his quality on a consistent basis—thus, shelling out £40 million on him would be a big risk.
Elsewhere, Wenger has admitted he blocked a move that would have seen out-of-favour right-back Mathieu Debuchy go to Manchester United in January.
The Frenchman is on loan at Bordeaux until the end of the season having lost his starting spot to Hector Bellerin, making only two Premier League appearances in the first half of the 2015-16 campaign, per WhoScored.com.
Wenger stated Debuchy could have moved to United but said he blocked it because the Red Devils are direct rivals, per Goal's Stephen Crawford: "I hope that’s not surprising to you [that I blocked the move]. You loan players to clubs who don’t have resources, not direct rivals."