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Wednesday's Arsenal transfer rumours: Alexis Sanchez, Shkodran Mustafi latest

Shkodran Mustafi of Arsenal

We round up the latest Arsenal transfer rumours from around the British and European press on Wednesday August 30.

Arsenal midfielder Alex Oxlade-Chamberlain has turned down the opportunity to join Premier League champions Chelsea, according to Sky sources.

The Gunners had agreed to sell the England international to their London rivals for a fee believed to be £35m.

However, Sky Sports News understands the 24-year-old favours a move to Liverpool ahead of Thursday's transfer deadline.

Arsenal's fed-up players want the club to sell Sanchez before the transfer window shuts on Thursday night, according to The Independent.

Inter Milan have made a new offer to Arsenal for German centre back Shkodran Mustafi.

The Italian side have offered a £4.6million loan fee with an option to buy for £23m, according to the Daily Mail.

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Arsenal left-back Kieran Gibbs is set to complete his move to West Brom after the clubs agreed a deal reported to be worth £7m.

Watford pulled out of a deal for the defender earlier on Tuesday after failing to agree personal terms despite agreeing a deal with the Gunners last week.

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