Arsenal got as creative as they could in their attempts to convince Inter Milan to let Ivan Perisic leave on loan this window, according to the BBC’s David Ornstein.

LONDON, ENGLAND – NOVEMBER 27: Ivan Perisic attends an Inter Milan press conference at Wembley Stadium on November 27, 2018, in London, England. (Photo by Julian Finney/Getty Images)

With transfer deadline day now upon us, Ornstein gave a full update on the Perisic situation, and why it appears to have fallen through.

According to his report, Arsenal offered to take the winger on loan with an option to buy, which convinced the 29-year-old to hand in a transfer request. However, Inter insisted they’d only sell permanently or with an obligation to buy, not just an option.

In an attempt to get the move over the line, Arsenal offered to pay a penalty fee if they didn’t end up making the loan move permanent in the summer. That way, the worst case scenario for Inter would be that they lose Perisic for a few months and end up richer for it.

Unfortunately, Inter are standing firm, insisting they’ll only let the player go if they can guarantee a transfer fee. The Italian club haven’t made it clear whether Arsenal’s penalty fee was high enough, so presumably going back with a higher offer wouldn’t help. As a result, Ornstein reports that any realistic hope of a late Perisic transfer has now ended.

MILAN, ITALY – DECEMBER 26: Ivan Perisic of FC Internazionale reacts after misses a chance of goal during the Serie A match between FC Internazionale and SSC Napoli at Stadio Giuseppe Meazza on December 26, 2018, in Milan, Italy. (Photo by Emilio Andreoli/Getty Images)

It’s a bit of a shame, considering the Croatia international was clearly keen on a move, and his experience could’ve seen Arsenal back into the Champions League next season. A return to the top tier of European football could’ve given The Gunners a sufficient boost in funds to make the deal permanent without slashing their budget.

Instead, Arsenal will have to turn to less experienced options, like Denis Suarez and Christopher Nkunku. That’s not necessarily a bad thing, as the duo could end up being much better signings in the long term. We’ll have to wait and see.