Wolverhampton Wanderers look set to miss out on Jack Wilshere, who they were reportedly interested in signing.
The Mirror reports that the 26-year-old midfielder is on the verge of signing a new contract at current club Arsenal, which will keep him at the Emirates until 2022.
However, reports suggest that the England international will take a pay cut, something which he was previously not keen to do.
He felt that the fact the club were asking him to take a pay cut indicated that he was not a major part of their plans.
This sparked interest from Premier League sides such as Everton, and newly promoted Wolves who were heavily linked with a move for the Arsenal man.
But it seems that they will have to turn their attentions elsewhere as Wilshere edges ever close to committing his future to the North London club.
Wolverhampton Wanderers have just enjoyed a spectacular season in the Sky Bet Championship, and they will head to the Premier League as winners, after picking up an impressive 99 points this season.
Boss Nuno Santo currently possesses a good strong squad, but he knows that he must add Premier League experience to it, and that is exactly what Wilshere would have added to the Black Country club.
Arsenal’s number 10 has played 166 games in the Premier League for the Gunners, scoring eight goals and assisting 17.
He is also an experienced international, making 34 appearances for England since his debut as an 18-year-old back in 2010.
Wolves have reportedly turned their attentions elsewhere already, with reports today emerging linking them with a move for Manchester City star Yaya Toure.