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Arsenal transfer news: Mauro Icardi snubs Gunners by agreeing new five-year contract with Inter Milan

Argentina striker was target for Arsene Wenger but Nerazzurri captain to put pen-to-paper on deal with £86m buy-out clause

COMO, ITALY - AUGUST 16: Mauro Icardi of FC Internazionale poses during the official portrait session at Appiano Gentile on August 16, 2016 in Como, Italy. (Photo by Claudio Villa - Inter/Inter via Getty Images)

MAURO ICARDI has delivered a snub to Arsenal by agreeing a five-year deal to remain at Inter Milan, according to reports in Italy.

The San Siro captain had been heavily linked with a move to Emirates and Serie A side, Napoli.

COMO, ITALY - AUGUST 16: Mauro Icardi of FC Internazionale poses during the official portrait session at Appiano Gentile on August 16, 2016 in Como, Italy. (Photo by Claudio Villa - Inter/Inter via Getty Images)
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Mauro Icardi agrees new five-year deal to stay at Inter MilanCredit: Getty Images
Bayern Munich's David Alaba (L) controls the bball in front of Inter Milan's Mauro Icardi during an International Champions Cup match in Chatrlotte, North Carolina, on July 30, 2016. / AFP / NICHOLAS KAMM (Photo credit should read NICHOLAS KAMM/AFP/Getty Images)
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Mauro Icardi will be a vital player for Inter Milan boss Frank De BoerCredit: Getty Images

However, , report he will put pen-to-paper on a contract until 2021.

The deal will include an £86million buy-out clause.

Arsenal are on the look out for a new centre-forward and Icardi was thought to be high on the list.

COMO, ITALY - AUGUST 09: Head coach Frank de Boer looks on during the FC Internazionale training session at the club's training ground at Appiano Gentile on August 9, 2016 in Como, Italy. (Photo by Claudio Villa - Inter/Inter via Getty Images)
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Frank De Boer insisted he wanted to keep Mauro Icardi at Inter MilanCredit: Getty Images
Icardi has been prolific for Inter in the last two seasons
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Mauro Icardi has been prolific for Inter in the last two seasonsCredit: Getty Images

The 23-year-old was also reportedly the subject of a bid involving Olivier Giroud moving the other way.

While Napoli directors had met with Icardi to discuss a potential move as a replacement for Gonzalo Higuain, who moved to Juventus.

However, new Inter boss, Frank De Boer, had insisted the Argentine would stay.

And he looks set to remain at the San Siro for the next five years.

Have a look out our preview ahead the new Serie A season.

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