Borussia Monchengladbach have confirmed a transfer bid has been made for Granit Xhaka, though no agreement has yet been reached with the interested club.
The Switzerland international has been heavily linked with a move to Arsenal after a hugely impressive season at the heart of Andre Schubert's side.
"Sporting director Max Eberl has confirmed that there has been a specific offer for the Swiss midfielder," a statement posted on their official website said.
"An agreement with the interested club is still pending, however."
"There will be regular talks now and a final decision will be made before Euro 2016," he said.
"I started my Borussia career in the DFB-Pokal against Darmstadt. I then had four wonderful years here. And now I played what could have been my last game for Gladbach against Darmstadt, too.
"The circle has been closed."
