I'm not aware of talks so far but Nico has really many suitors. Barcelona, English top clubs and not only there's a lot of interest. I'm still told all the clubs are waiting to understand the financial package wanted by the player in terms of commission and salary. Barca appreciate him but it's still early stages.
My understanding is that Arsenal are looking for a player who can operate in the wide positions and Malen has obviously done very well since leaving north London in 2017 and going to PSV and then to Dortmund. But I would be surprised if he is a
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