All the latest Arsenal transfer news as Mikel Arteta gears up for the opening weekend of the new Premier League season ...

According to reports, Arsenal have decided to perform a U-turn on a leading transfer target as Chelsea 'can beat' them to the signing amid three factors.

The versatile Norwegian midfielder, who can also operate out wide or up front, made 70 first-team appearances for Rosenborg, scoring 14 goals and providing 11 assists.

The player in question has given four years of excellent service at the Amex Stadium since his arrival for £20million from Villarreal. He is now wanted by both Man United and AC Milan.

Scouts were suitably impressed as he scored his fourth goal in three successive pre-season games before the match was abandoned.

According to reports, Cristiano Ronaldo wants Al-Nassr to buy a Liverpool star as he has 'requested' a 'crazy signing' for this window.