The Guardian claims that Arsenal manager Arsene Wenger is “hopeful” that he can complete a transfer deal for the Spain international with a “basic agreement” now in place with the player.
It went on to report that negotiations have taken place between the clubs and hinted that Malaga may be forced to sell Cazorla to ease the club’s financial situation.
Spanish international Cazorla, who was part of Spain’s Euro 2012 winning squad, caught the eye of Arsenal a year ago before he joined Malaga from Villarreal in a €19million deal. But the Spanish international, who was part of Spain’s Euro 2012 winning squad, is said ti be unhappy at Malaga after his wages went unpaid during the recently completed campaign.
Málaga’s financial future is uncertain at the moment. If Málaga’s Qatari owner, Sheikh Abdullah Bin Nasser Al-Thani, does not inject more money into the club, then the sale of Cazorla would represent the quickest way for the Spanish club to cover their debts. If Málaga do not settle those debts by 31 July they face relegation to Second Division B and the loss of their Uefa licence and Champions League participation.
That Malaga is in this situation to begin with is baffling considering the wealth of the owners and the more than €150m poured into the club over the past two years. You would thank that billionaire owner al-Thani could simply write a check to remove this debt. But until he does, the Spanish league will not allow them to make any signings.