Arsenal manager Arsene Wenger feels clubs should not be able to spend "artificial money".

The Andrei Arshavin saga finally looks to be at an end after today's Premier League board meeting passed without discussion of the transfer.

Arsenal chief executive Ivan Gazidis feels the protracted transfer of Andrei Arshavin has been overly "dramatised".

Arsenal have confirmed the signing of Russia playmaker Andrei Arshavin.

Arsenal fans were this morning still waiting on official confirmation of the Gunners' bid to land Andrei Arshavin.

Arsenal hope to announce today that they have finally signed Andrei Arshavin for a club record £15m fee, which could rise to as much as £17m, after a day of extraordinary brinksmanship that, for several hours at least, left the deal severely in the balance.

Andrei Arshavin's move to Arsenal is in danger of collapse because of the player's refusal to reign in his financial demands, Zenit St Petersburg general director Maxim Mitrofanov told Reuters today.

Arsenal appear to have finally struck a deal to sign Andrei Arshavin from Zenit St Petersburg for what would eventually be a club record fee of £17m. Sources in Russia claimed last night that Arsenal had raised their offer to sign the 27-year-old, who can play as a striker or attacking midfielder, close to his club’s valuation.

Arsenal look to be closing in on their pursuit of Russia international Andrei Arshavin - provided they can overcome the hurdle of the "unacceptable" fee demanded by Zenit St Petersburg, according to the player's agent.

Bolton manager Gary Megson today insisted he has nothing to lose by taking former Brazil superstar Denilson on trial.

Everton manager David Moyes has a 30-strong list of strikers to work from in the January transfer window but he is resigned to Henrik Larsson not being the man to meet the club's desperate need for firepower.

Uefa are confident tonight's Champions League clash between Zenit St Petersburg and Juventus will go ahead despite an explosion in the Russian city this morning.