Newcastle United have rejected a bid from Arsenal in the region of £10 million for France international Yohan Cabaye, a source close to the Magpies has informed ESPN FC.
Cabaye, a £4.3 million signing from Lille in 2011, excelled during his debut campaign in England but struggled with injury last season. Nonetheless, he has been linked with a host of top clubs this summer.
The 27-year-old said last month he would be keen to join Manchester United if an offer materialised, while Paris Saint-Germain coach Laurent Blanc, though playing down talk of an imminent move, has confirmed his admiration for the midfielder. Tottenham and Monaco have also been credited with an interest.
However, it appears Arsenal are the first club to register an official bid, but ESPN FC has been told Newcastle consider their offer to be “derisory”.
Newcastle manager Alan Pardew said last week that the club had every intention of retaining the player.
“He is certainly not too good for us,” he said in the Daily Star. "Cabaye’s in a great place right now. You want to keep hold of your best players and he is one of the best in the world, in my opinion. He is a fantastic asset for us, has conducted himself in a very professional manner, despite all the speculation, and I admire him for that.”
Despite his reluctance to sell, Pardew accepts that -- having accepted a £35 million bid from Liverpool for Andy Carroll on the final day of the January window in 2011 -- there is the possibility of a sale.
“You are talking to a manager who has the history of Andy Carroll behind him, so you can never say never,” he said. “We are vulnerable to bigger clubs if they are really decisive and make a bid that knocks us off our feet. But that is not my decision. As the manager, of course, I want him to stay and have a fantastic season here, as our fans do.”