Arsenal to hold crisis talks with US owner Stan Kroenke over increasing transfer budget after £40m Zaha bid rejected

ARSENAL chiefs will hold showdown talks with billionaire owner Stan Kroenke in a desperate plea to increase the transfer budget this summer, according to reports.

Boss Unai Emery was handed just £40million to improve his squad after failing to qualify for the Champions League.

He wants three new signings including Wilfried Zaha with Crystal Palace demanding around £80m for his signature.

Kieran Tierney is another option with Celtic slapping a £25m price-tag on the left-back's head.

And Emery also wants to sign a central defender in his quest to get his squad back into the top four.

The Spanish manager has been told that he can raise funds by selling players but they are struggling to flog the likes of Mesut Ozil who is pocketing around £300,000-a-week.

And the Daily Mail report that the club will do their upmost to convince Kroenke to put his hands in his pocket and further invest in the squad.

Arsenal saw a £40m bid for Zaha laughed off by Palace who believe the fee is way short of their valuation.

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The London club believe he is worth more than Aaron Wan-Bissaka who left for Manchester United in a £50m deal.

Likewise with Celtic's Tierney, Arsenal have lodged a £25m bid for the Scotland international over three instalments.

That includes two £10m payments over two years and an extra £5m in add-ons to be paid over the remainder of his contract.

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