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Arsenal are slowly closing in on signing Borussia Dortmund defender Sokratis Papastathopoulos, but the Gunners have failed to meet the German club's €18m valuation for the Greece international, according to reports in Germany.

Sokratis is entering the final year of his contract at Signal Iduna Park and the 29-year-old has been strongly linked with a move to the Premier League after falling somewhat out of favour with the Black and Yellows.

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It has been reported for some time that Arsenal would be Sokratis' most likely destination this summer, following the recent trend of Dortmund players moving to the Emirates - something which has been credited to the Gunners new Head of Recruitment, Sven Mislintat.

But the Westphalian side still haven't had their valuation of Sokratis met by Arsenal, according to a report from Kicker. It is claimed that the north London side have offered €15m for the defender but they are unwilling to match Dortmund's price tag.

Both clubs are said to be in a stalemate in regards to the fee despite their respective valuations being just €3m apart. However, Borussia Dortmund are on the brink of completing a move which could see their stance over Sokratis' valuations ease up. 

The Bundesliga giants are closing in on the €5.5m signing of DFB-Pokal winner Marius Wolf from Eintracht Frankfurt, with the 23-year-old said to be snubbing interest from Leipzig and Roma to secure a move to North Rhine-Westphalia.