Newcastle United were reportedly the front runners to sign the England international but the Magpies, along with Brighton, Stoke City and Watford have all believed to have baulked at both the transfer fee and the player’s wage demands.
The 27 year old is said to be seeking an increase on his £60,000 a week wages he is currently getting at the Emirates and he is willing to see out the last year of his contract with the Gunners if no move materialises.
Gibbs has moved further down the pecking order with the arrival of Sead Kolasinac from Schalke on a free transfer. The player’s poor injury record may however prove a major stumbling block in securing a move away from Arsenal, although it must be said he was fit and available for the majority of last season. He made just 22 appearances for the Gunners last campaign, starting 15 of them.