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Arsenal remain heavily linked with a move for Riccardo Calafiori. However the deal is not done yet.
Sky Sports Italia report that the reason is that the Gunners and Bologna can't agree on a fee.
Arsenal latest offer was €40m plus €10m in add-ons. The Serie A side demand €50m without add-ons and a sell-on clause.
The centre-back impressed at the Euros and earlier this season in Serie A helping Bologna reach a shock Champions League qualification. A defender extremely good on the ball it been reported that Mikel Arteta plans to use him at left-back.
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