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Arsenal have had a £60m bid for Brighton midfielder Moises Caicedo rejected.

The south coast club insist Caicedo is not for sale in this January transfer window, but Arsenal remain interested and are deciding whether to go back in with an improved offer.

The bid was guaranteed a £60m fee. The biggest transfer fee Brighton have received in their history is the initial £57m plus add-ons from Chelsea for Marc Cucurella.

Sky Sports News understands Arsenal remain interested in signing Declan Rice in the summer – regardless of the outcome of their pursuit of Brighton midfielder Moises Caicedo.

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