Arsenal Transfer Rumours: Gunners out of Chase for Alex Oxlade-Chamberlain?

Arsenal has finally landed a player this summer, Ivorian striker Gervinho, but boss Arsene Wenger is fighting desperately to hold onto his two top players, captain Cesc Fabregas and Samir Nasri, in the midst of trying to make things happen outside the club.

One such thing has been the pursuit of Southampton starlet, Alex Oxlade-Chamberlain, but it seems Arsenal's race has already been run and Southampton is not impressed.

According to The Daily Express (via the Mirror):

Arsenal's pursuit of Southampton starlet Alex Chamberlain is in limbo. Saints dismissed the Gunners' opening £6m offer as "derisory" and are holding out for £12m.

And two things we've seen from Wenger so far this summer is his reluctance to overpay for a player, and his stubbornness with everything else.

Chamberlain, a 17-year old English winger, netted 11 goals and nine assists during his play with the Saints last campaign and has as much promise as any of the other young wingers in Europe.

The youngster comes from a soccer family and has a great future ahead of him, but Arsenal, who struck a deal for Gervinho for less money, is unlikely to rise up fifty percent from the initial offer to meet Southampton's demands.

Eventually a club will though, whether this summer or next, and Chamberlain could become a hated rival rather quickly.

But pretty soon the wing position could become a major issue for Wenger's club - assuming he's around.

The Samir Nasri situation won't end this summer if he is not moved with his contract is up at the end of the campaign. Reports indicated the Gunners were interested in signing Stewart Downing as a replacement for the Frenchman, but Aston Villa have put a high valuation on the Englishman and Liverpool is also involved.

Chamberlain may be a signing for the future, but his importance could factor in rather quickly if Nasri is to leave the Emirates. 

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