Arsenal have reportedly been told that it will take an offer of €60m (£51.2m) to prise Julian Draxler away from Wolfsburg.
The Gunners are understood to have a long-standing interest in the 22-year-old, with reports last week suggesting that they were considering a €50m (£42.7m) bid.
However, Wolfsburg are holding out for a bigger offer from the Premier League outfit, who have reportedly fallen short in bids for Jamie Vardy and Alexandre Lacazette already this summer.
Draxler, who was part of the Germany squad at Euro 2016, has a contract at Wolfsburg until 2020.
The playmaker only moved to the club last summer, scoring nine goals in 34 appearances during his debut campaign at the Volkswagen Arena.
