Ajax have set their price for Lisandro Martinez, who is open to joining Arsenal this summer after their first bid was rejected.

The Mirror report that Arsenal and Manchester United have been informed by Lisandro Martinez’s representatives that a £42m bid would secure a deal for the Ajax centre-back.

Martinez is keen to make the switch to the Premier League, but he fears Ajax are pricing him out of a move.

Those fears aren’t entirely unfounded, after Arsenal’s initial €30m (£25.8m) bid was rejected.

A £42m valuation is a significant increase, in a summer where Arsenal are already hoping to spend big on the likes of Gabriel Jesus and Raphinha.

The good news is that Fabrizio Romano (via All About Argentina) reports that Martinez is open to a move to Arsenal, and Ryan Taylor of the Express reports that the Gunners remain in dialogue with Ajax.

But the Daily Mail suggest Arsenal need to sell before they can bring Martinez in, and that’s not hard to believe.

After reports broke of Arsenal having a €30m bid for Ajax’s Lisandro Martinez earlier this month, David Ornstein reported that Martinez is a firm target for Arsenal at left-centre-back and at left-back.

Arsenal remain the most probable destination, though Manchester United are also interested, even if they’re focusing on other targets for the time being.