Arsenal transfer news: Gunners will only consider 'astronomical offer' from Atletico Madrid for Santi Cazorla

Cazorla has been linked with a return to Spain

(Getty Images)

Arsenal will only accept a massive offer for Atletico Madrid target Santi Cazorla, according to reports.

Atletico manager Diego Simeone has been interested in the 30-year-old for two seasons and sees him as a perfect replacement for Turkish midfielder Arda Turan, who has been linked with Chelsea and Manchester United.

But the Daily Mail report that Arsene Wenger sees Cazorla, who has only a year left on his contract, as one of his first-choice midfielders that would only be sold if Atletico made an 'astronomical' offer that they would be stupid to refuse.

Cazorla was one of Arsenal's best players last season, scoring eight goals and leading Arsene Wenger's team in assists with 15 in all competitions.

He moved to Arsenal from Malaga in 2012 and has played 148 times for the club, helping them win the FA Cup in successive seasons.