Arsenal confirm interest in Auxerre striker Yaya Sanogo - but Arsene Wenger refuses to discuss move for Wayne Rooney

Arsene Wenger says talks are at an 'advanced' stage with the French youngster

Arsenal are on the verge of completing their first signing of what could be a hectic summer of transfer activity at the Emirates.

Speaking during today's press conference to preview Sunday's game against Newcastle, Arsene Wenger revealed that talks with Auxerre striker Yaya Sanogo are at an "advanced" stage.

The France Under-21 international is out of contract at the French club this summer, although due to his age - he's 20 - and that he was developed at the Ligue 2 side, Arsenal will have to pay compensation.

"We are advanced with him, but it is not done," said Wenger.

"I am very confident. He is a young striker who is promising, and has a big talent."

The tall striker is known for his speed and work-rate, although appears to be one for the future.

Arsenal fans will be hoping for arrivals capable of making a more immediate impact - and there have even been rumours of a move for disenchanted Manchester United striker Wayne Rooney.

Wenger refused to be drawn on that subject today, telling reporters: "At the moment we have no interest in anybody, we have only one interest and that is of course, Sunday's game."

Asked if Arsenal could afford Rooney, the manager added: "That is not even a question at the moment. We have not gone into that."

It's understood that Wenger will have as much as £100m to spend on players this summer as he looks to make additions to his squad and once again challenge for the league title next season.

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