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Arsenal offered Crystal Palace £50million plus £10million in add-ons and Reiss Nelson on loan for a season for Wilfried Zaha, according to The Independent.
However, the south London club rejected the deal outright, as they are looking for a transfer fee of around £80million
Bukayo Saka is another young player who could move to Palace on loan as part of a deal to bring Zaha to the Emirates.
Carl Jenkinson is also on the list, although this would be a permanent switch.