Arsenal blow as ‘Renato Sanches joins PSG on loan with obligation for £8m transfer further fuelling French side’s cull’

ARSENAL have suffered a blow in their hunt for a new midfielder as Renato Sanches looks set to join Paris Saint-Germain, according to reports.

The Portuguese international is nearing a loan move away from Lille and PSG will be obligated to buy him next summer for £8million.

The Gunners have been linked with Sanches in the past as have Wolves and AC Milan.

The 24-year-old played 32 times for Lille in all competitions last season and won the Ligue 1 title with the club the year previous.

At Lille he was signed by new PSG manager Christophe Galtier and director of football Luis Campos, with it appearing the trio will team-up again in Paris, claim outlet .

There was a time when Sanches was regarded as one of the best young talents in the world but he has never quite fulfilled his potential.

He had a loan spell at Swansea back in the 2017/18 season but he never adjusted to Premier League football.

A move back to England, where he has unfinished business, was on the cards but PSG look to have beaten Arsenal to his signature.

Sanches joining the Parisians suggests that the club's clear-out is set to continue.

PSG are hoping to offload the likes of Georgino Wijnaldum, Idrissa Gana Gueye and Julian Draxler from their midfield.

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Wijnaldum is reportedly nearing a switch to Roma and Gueye could return to Everton.

PSG are open to letting many leave this summer following the sacking of Mauricio Pochettino, allowing new boss Galtier to build a squad to his taste.

He is keen to sign a new centre-back with the club linked with Leicester's Wesley Fofana and Inter Milan's Milan Skriniar.