Bundesliga club Schalke abandoned their pursuit of Arsenal’s Bosnian defender Sead Kolasinac in the summer transfer window due to financial reasons, according to the latest reports.
The left-back spent six years at Die Knappen before leaving the club on a free transfer to sign for Arsenal in the summer of 2017.
Sead is yet to prove himself as a certain starter in the Gunners squad and has featured in two of their four EPL games since the start of the campaign.
Schalke were thinking about taking him back to Bundesliga in the summer but eventually, they decided against carrying out the operation to land the 26-year-old player.
According to a German magazine SportBild, the Bundesliga club realised that it’d be too much of an expensive endeavour to bring Sead back to Schalke during the summer transfer period.
Apart from the transfer sum Arsenal board would have demanded, the Germans were also not in a position to match the star’s current wage package.
Sead is currently on a contract worth €6 million per season and certainly would have had to agree to a pay cut if the defender moved to Schalke in the summer.
In the end, the possible deal to re-sign Kolasinac made little financial sense for the Gelsenkirchen-based outfit, who also do not have the UEFA Champions League money to count on this term.
Meantime, the Daily Mail reveals that the swap deal between Manchester United and Arsenal for Alexis Sanchez and Henrikh Mkhitaryan will reportedly cost both teams in the region of £50 million on wages alone.