Hopefully this is true, and not what Guillem Balague had earlier reported about Mata's complex contract, and the huge release clause.
And if it came straight from Juan Mata's father, which seems a lot more valid than Guillem Balague's "source:"
"Valencia simply rejected their offer," said Mata's father to calciomercato.com. "After some hesitation they answered 'no' to the Gunners' offer.
"So my son remains a Valencia player, for now. But I don't think it's their last offer.
"There are several offers for Mata and I think that Arsenal will come forward again. The situation is still evolving.
"Are Inter Milan one of the interested teams? I know my son holds Milan in high esteem. We'll see if Inter will come forward directly."
So surely Balague's whole idea of the release clauses must be wrong. Or surely one of these "several offers" must have met the valuation required to force Valencia to sell—or they wouldn't be in a position to reject offers.
But I've also read that Arsenal only bid £14 million, which is around £4-6 million short of the release clause, and this is just stupid, we lost out on Alvarez because of around £1-2 million, and if we miss out on Juan Mata now because of £4 million, it would be stupid.
Hopefully, Arsenal will make another bid, and get our man.
Either way, it seems there still may be SOME hope for Arsenal, and the signing of Juan Manuel Mata.
I will try and keep you updated on the goings on with Arsenal and Juan Mata in the remaining month of the transfer window.