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Arsenal are set to spend 58 million on Nico Williams and Chelsea are also expected to hold further talks on the player.
According to CaughtOffside the Gunners and Blues are leading the search for Athletic Bilbao despite interest from a number of top clubs.
The deal for the 21-year-old who is cheating on Spain with Euro 2024 is complicated and costly. Many that create uncertainty among some parties.
Despite financial concerns Chelsea are still interested in the striker and will continue talks to explore the possibility of a deal.
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