Crystal Palace forward Wilfried Zaha, has told the club he wants to leave Selhurst Park for a new challenge elsewhere.
The Ivorian international is on Unai Emery's wishlist with Arsenal's initial bid of £40 million for the 26-year-old rejected earlier this month.
According to Sky Sports, Zaha informed the Eagles of his desire to leave immediately after returning from the 2019 Africa Cup of Nations in Egypt.
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However, Roy Hodgson is only ready to give up Zaha for the right price and feels that Arsenal's initial offer was nowhere near the mark.
"I don't think Arsenal have actually made a bid that has come anywhere near our valuation,'' he said.
"I'm sure the player realises that if someone's going to take him away from us, he'll expect clubs pay the market value. Until someone does that, there's not much to discuss regarding Wilf (Zaha)," he said.
Emery has been restricted to a tight transfer budget this summer, with just £45m available for the Spaniard to spend and Palace demanding £80m for their star attacker.
But in a bid to bridge the gap, Arsenal are said to be ready to offer £40m plus Mohamed Elneny, Calum Chambers and Carl Jenkinson to Palace to sign Zaha.
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