North Londoners had been hoping to tie up a deal for Argentinian by early next month.
Arsenal have suffered a blow in their bid to sign in-demand Real Madrid front man Gonzalo Higuain this summer after his club confirmed there would be no talks about his transfer until they have appointed a new manager, reports the Guardian.
The prolific Argentina international has already made it clear to the Spanish giants that last season would be his final one at the Santiago Bernabeu as the striker’s partner is moving to London to study.
The 25-year-old has been in the Spanish capital for the last seven campaigns now, during which time he has established himself as one of the deadliest attackers on the Continent, registering an eye-catching 122 goals and 46 assists in just 266 matches in all competitions for los Blancos, including 106 strikes and 39 assists in only 188 league encounters.
However, despite believing that they already had a £20 million deal in place to bring Higuain to the Emirates this summer, the player’s club have now confirmed there will be no movement on this transfer until Madrid have found a replacement for previous coach Jose Mourinho.