Charles Watts has provided an update on Arsenal's pursuit of Mykhailo Mudryk, with the Gunners' latest bid rejected.

What's the word?

The Gunners have had two bids for the Ukrainian winger rejected so far according to Watts, as they seek to add to their attacking options in the January window.

Mikel Arteta's side currently sit top of the Premier League, but want to strengthen the depth of their squad as they aim to stay above the chasing pack, and arguably need more firepower within the squad to do so.

Speaking on his YouTube channel, Watts explained that Shakhtar are holding out for more money, and could even pull the plug on negotiations if the two clubs cannot agree a deal.

He said: "Arsenal's latest offer was around the sort of £62m mark all-in - that's including add-ons."

"Shakhtar still very much saying, ‘no, that's not what we want, we want €100m to do business’. As far as I'm aware, they are very, very much sticking to that. And that is what they are telling Arsenal, and that they are more than willing, I've been told, that they will put an end to all talks and postpone them until the summer if it becomes abundantly clear that that valuation is not going to be met.

"Now, of course, this is a negotiation period. It could be a case of who blinks first. I don't know if that's absolutely 100% certain what will happen - if they would just pull the plug on it - we'll have to wait and see."

How high should Arsenal go?

Arsenal are in a tough spot in these negotiations in that they are clearly keen on an attacker joining in January, and ideally would complete a signing before the North London derby halfway through the month.

However, the player appears eager to join Arteta's side, and if the 22-year-old forces through a move, they may have no choice but to accept an offer from Arsenal which does not meet their valuation.

It is a big fee for a player with limited experience, but a dynamic attacker being added to Arsenal's depth could be a game-changing signing in the title race, and ultimately Arteta will not want to lose out on a priority target as a result of difficult negotiations.