Arsenal would be willing to sell Cesc Fabregas to Barcelona if the two clubs can agree a fee, according to the BBC.
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The 24-year-old World Cup winner is continually linked with a move back to his boyhood club during every transfer window.
Last summer, the Gunners rejected a reported £30 million (Dh176.1m) offer for their inspirational captain.
However, with Fabregas appearing more determined to rejoin the club he left as a teenager in 2003, Arsenal are said to be ready to allow the deal to go through, if Barcelona improve their latest £27m bid.
BBC Sport quote a senior Arsenal official as saying: "The offer was made formally in writing to our chief executive [Ivan Gazidis], and we said no straight away."
When asked if the club expected an improved offer this week, the source added: "Possibly yes, and if it's enough then I expect we'll have to sell."
Last week, Sandro Rosell, the Barcelona president claimed the European champions would not break the bank for Fabregas, of whom he said: "it is clear that this year his value is less."
During the 2010 summer transfer window, Arsenal released a statement confirming Fabregas was not for sale. However, so far, there has been no official comment from the Premier League club following renewed speculation over his future.
The sale of Fabregas would allow Arsenal to press ahead with a summer recruitment spree.
The London club been linked with Gervinho, the Ivory Coast forward, but have yet to make an offer, according to Michel Seydoux, the Lille president.
The 24 year old, who won a domestic double with Lille last season, has made no secret the Gunners would be his preferred destination were the French club ready to sell.
Seydoux told Radio Monte Carlo: "We know that Gervinho is keen on Arsenal. For the moment, there has been simple contact, but we have not received a concrete offer yet."
Arsenal have also been linked with Lille's Belgian starlet Eden Hazard, but Seydoux maintained the 20-year-old midfielder would remain at their club.
It has so far been something of a slow transfer window for the Gunners, with Carl Jenkinson so far the only confirmed addition in a £1m deal to take the young defender from Charlton Athletic.
Arsene Wenger, the Arsenal manager, is under pressure to bolster his squad to help end a six-season trophy drought.
The addition of Southampton's 17-year-old forward Alex Oxlade-Chamberlain is expected to be confirmed at the start of July ahead of Arsenal's Far East tour.
However, the quest for more experienced cover, particularly in defence, continues to prove a source of frustration.
Having sold Phil Jones to Manchester United for £16.5m, Blackburn Rovers are now in a position to hold out for an increased fee for Christopher Samba, his fellow central defender.
Spain's Under 21 midfielder Juan Mata is another reported target, rated at around £18m by Valencia, while the Gunners are also said to be tracking the Argentine youngster Ricky Alvarez.
Wenger is also waiting on Samir Nasri and Gael Clichy to sign new contracts.
Aayan%E2%80%99s%20records
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if you go
The flights
Air Astana flies direct from Dubai to Almaty from Dh2,440 per person return, and to Astana (via Almaty) from Dh2,930 return, both including taxes.
The hotels
Rooms at the Ritz-Carlton Almaty cost from Dh1,944 per night including taxes; and in Astana the new Ritz-Carlton Astana (www.marriott) costs from Dh1,325; alternatively, the new St Regis Astana costs from Dh1,458 per night including taxes.
When to visit
March-May and September-November
Visas
Citizens of many countries, including the UAE do not need a visa to enter Kazakhstan for up to 30 days. Contact the nearest Kazakhstan embassy or consulate.
ASHES FIXTURES
1st Test: Brisbane, Nov 23-27
2nd Test: Adelaide, Dec 2-6
3rd Test: Perth, Dec 14-18
4th Test: Melbourne, Dec 26-30
5th Test: Sydney, Jan 4-8
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
THE BIO
Ms Davison came to Dubai from Kerala after her marriage in 1996 when she was 21-years-old
Since 2001, Ms Davison has worked at many affordable schools such as Our Own English High School in Sharjah, and The Apple International School and Amled School in Dubai
Favourite Book: The Alchemist
Favourite quote: Failing to prepare is preparing to fail
Favourite place to Travel to: Vienna
Favourite cuisine: Italian food
Favourite Movie : Scent of a Woman
WHAT IS A BLACK HOLE?
1. Black holes are objects whose gravity is so strong not even light can escape their pull
2. They can be created when massive stars collapse under their own weight
3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
FIGHT CARD
From 5.30pm in the following order:
Featherweight
Marcelo Pontes (BRA) v Azouz Anwar (EGY)
Catchweight 90kg
Moustafa Rashid Nada (KSA) v Imad Al Howayeck (LEB)
Welterweight
Mohammed Al Khatib (JOR) v Gimbat Ismailov (RUS)
Flyweight (women)
Lucie Bertaud (FRA) v Kelig Pinson (BEL)
Lightweight
Alexandru Chitoran (BEL) v Regelo Enumerables Jr (PHI)
Catchweight 100kg
Mohamed Ali (EGY) v Marc Vleiger (NED)
Featherweight
James Bishop (AUS) v Mark Valerio (PHI)
Welterweight
Gerson Carvalho (BRA) v Abdelghani Saber (EGY)
Middleweight
Bakhtiyar Abbasov (AZE) v Igor Litoshik (BLR)
Bantamweight:
Fabio Mello (BRA) v Mark Alcoba (PHI)
Welterweight
Ahmed Labban (LEB) v Magomedsultan Magemedsultanov (RUS)
Bantamweight
Trent Girdham (AUS) v Jayson Margallo (PHI)
Lightweight
Usman Nurmagomedov (RUS) v Roman Golovinov (UKR)
Middleweight
Tarek Suleiman (SYR) v Steve Kennedy (AUS)
Lightweight
Dan Moret (USA) v Anton Kuivanen (FIN)
'Champions'
Director: Manuel Calvo
Stars: Yassir Al Saggaf and Fatima Al Banawi
Rating: 2/5
Zayed Sustainability Prize
PROFILE OF STARZPLAY
Date started: 2014
Founders: Maaz Sheikh, Danny Bates
Based: Dubai, UAE
Sector: Entertainment/Streaming Video On Demand
Number of employees: 125
Investors/Investment amount: $125 million. Major investors include Starz/Lionsgate, State Street, SEQ and Delta Partners