Arsenal and Liverpool BLOW! Lucas Biglia set to sign for AC Milan despite Premier League interest

AC Milan are closing in on the signing of Arsenal and Liverpool target Lucas Biglia, according to reports in Italy.

The San Siro club have been in talks with Lazio about a deal for their captain but have been unable to reach an agreement.

But now Premium Sports has revealed that it looks as though a bid worth around £17.5m should be enough for the two clubs to shake hands on the move.

It has been suggested that midfielder Biglia has already agreed personal terms with Milan so the transfer could be wrapped up early on this summer.

It means the Argentina international will not be heading for England this summer despite long-term interest from both Arsenal and Liverpool.

The 31-year-old, who joined Lazio from Anderlecht in 2013, has instead decided to stay put in Italy for now.