Arsenal have turned down the chance to sign Dimitar Berbatov – with the Fulham striker now set to seal a move to Monaco.

Gunners boss Arsene Wenger has been linked with a move to sign Berbatov in recent weeks, with the Bulgarian unhappy with life at Craven Cottage.

But despite being offered the chance to sign the forward for around £1million on transfer deadline, Arsenal have pulled out of the race.