Chelsea are ready to up their offer for Jose Callejon to £26m to see off rival interest from Arsenal, Metro has revealed.
Arsenal are set to break their club record fee to sign Real Madrid striker Karim Benzema for £46m.
The Frenchman is boss Arsene Wenger's main priority before the end of the market transfer window.
Former Arsenal midfielder Paul Merson says the Gunners will not challenge for the title with Francis Coquelin as their only defensive midfielder option.
The 24-year-old was one of the most impressive players in the Arsenal midfield last season but Merson says the Frenchman lacks experience on the European stage.