Arsenal ready to spend £27m on Alexis Sanchez's replacement

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Cristian Pavon had been linked with a £27million switch to the Gunners, who are reportedly looking for a replacement for Alexis Sanchez.

Arsenal are set to meet Cristian Pavon's £27m release clause as Arsene Wenger lines-up the Argentinean global as a replacement for Alexis Sanchez, according to a report in Football London.

Manchester City, Liverpool and Arsenal are all reported to be interested in the 21-year-old.

"For the moment, we have not received any proposal, formally or informally", Angelici said.

Arsene Wenger has always been a manager who keeps his eyes on the most talented young players across the globe.

According to TYC Sports, top European clubs have been monitoring the 21-year-old attacker and among them, Arsenal are ready to secure his signing by activating his release clause, which is worth $37million. I am not going to cut off his career, but we made him a nice contract so that he would be comfortable.

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'He looks fine to me, very focused on 2018 with Boca Juniors.

Now Arsenal may be in a hurry to get a replacement for Sanchez and all, but is €31m really needed to take a player from a South American club?

Meanwhile, Arsenal remain interested in West Brom's Jonny Evans and have made an offer including Mathieu Debuchy, per David Woods at the Daily Star. 'Nobody has called me officially from Arsenal and I haven't had any chats in regard to this matter. "Unless a club comes along and pays the €35m release clause, I don't think he will leave this year".

'Surely they would have called or something, then I would have known about it by now'.

Should Pavon be able to help Boca to Libertadores glory they would be happy to cash in on the talented wideman, but there remains the possibility that performing in some of South America's highest-pressure knockout games could attract competition for his signature.