Transfer: Since Eberechi Eze’s release clause expires, Arsenal has not yet made an offer.

Transfer: Since Eberechi Eze’s release clause expires, Arsenal has not yet made an offer.

Arsenal has not yet made a formal bid for Eberechi Eze, the Crystal Palace playmaker.

This coincides with the announcement that Eze’s £68 million release clause will expire on Friday, August 1 at 11:59 p.m.

The Gunners are aware of this deadline and have previously told Palace that they do not intend to set it off, according to talkSPORT.

A predetermined fee of £60 million makes up Eze’s release clause, with add-ons paying the remaining amount.

However, Arsenal is prepared to engage in negotiations with their London rivals and values the 27-year-old less than that.

Personal terms won’t be a problem because Eze is reportedly eager to relocate.

Eze can also play wide left due to his versatility, even though Arteta has profiled him as a no. 10.

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