Shocking ! Arsenal Reject Offer For £20m Rated Star, Wants Him To Stay

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Arsenal have reportedly rejected a bid of £16 million for Calum Chambers from Crystal Palace, and are holding out for £20 million for the defender.

According to the Telegraph, the two clubs could still come to an agreement with negotiations still ongoing over a potential move.

Arsenal desperately need to do a major overhauling of their squad this summer and Chambers could well be set for an exit this summer after enduring a season-long loan spell at Middlesbrough last season.

With Laurent Koscielny, Shkodran Mustafi, Rob Holding and Gabriel all ahead of Chambers in the pecking order at Arsenal, there looks little chance of him playing regularly next season.

Arsenal appear keen to cash in on Chambers, rather than send him out on loan again, and a move across London to Palace could well suit the 22-year-old.

The report firther claims Arsenal are willing to let Kieran Gibbs, Mathieu Debuchy, Carl Jenkinson, Jack Wilshere, and Lucas Perez leave this summer, as they attempt reduce their wage bill.