Dortmund Will Accept Nothing Less Than €70m as Arsenal Reach 'Total Agreement' With Aubameyang

Borussia Dortmund will not accept a bid of below €70m for Arsenal target Pierre-Emerick Aubameyang, Bild have reported.

This development comes after the club's CEO Hans-Joachim Watzke confirmed that the Gunners had attempted to initiate negotiations over a potential transfer.

"There was a contact with Arsenal CEO Ivan Gazidis where he informed me that he would like to speak with us," Watzke said.

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But he added: "That has not happened yet. There are no current discussions."

Dortmund are reportedly adamant that Aubameyang will not leave the club for any less than the desired sum of €70m.

Meanwhile, another German outlet, football magazine Kicker, reported that Arsenal had made a bid of around €50m mark, which they also say has been turned down by Dortmund.

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Aubameyang was not included in Peter Stoger's squad for Friday's 1-1 Bundesliga draw with Hertha Berlin, having been dropped due to his conduct following news of Arsenal's interest.

The Gabonese forward skipped a team meeting and has reportedly made clear his intention to leave the club.

But Stoger has insisted that there has been no "concrete" talks over a transfer this month for Dortmund's top scorer.

"There is nothing on the table, only hot air," said the Austrian coach - quoted by BBC Sport. "We're planning with Pierre-Emerick Aubameyang and there's a way back into the team for him.

"All week long he was good at training, which is why I said at my press conference that he would be in the team.

"But at the last practice I just felt like he wasn't fully focused. It was a very important match and we have so many quality players that I chose another one.

"But I select the group every week. He has time to show he wants it. If he gives everything next week, he'll be in the squad."