Transfer updates as they happened: Merino signs for Arsenal and Man Utd close in on Ugarte plus your Oasis XI

Nick Mashiter
BBC Sport football news reporter

Wolves’ move for Arsenal goalkeeper Aaron Ramsdale is off.

The deal for the 26-year-old has proved too expensive for the Premier League side and it is considered over, BBC Sport understands.

Ramsdale could still leave the Emirates before the transfer deadline on Friday but it is highly unlikely a move to Molineux will be resurrected.

Wolves had made a loan offer with an option to buy, for around £20m, for the England international last week and remained in talks with the Gunners over the weekend.

Ramsdale, who has five England caps, joined Arsenal from Sheffield United in 2021 in a deal worth £24m and has another two years left on his contract.

Finances are tight at Molineux, despite bringing in almost £100m with the sales of Pedro Neto and Max Kilman this summer to Chelsea and West Ham respectively.

Boss Gary O’Neil warned, after Sunday’s 6-2 home defeat to Chelsea, the club needed to be comfortable with their transfer business when the window closed.

He said: “When it shuts we need to be comfortable with where we are.

“There’s a lot of work for myself and I need to get more out of the group we have. Then there’s an understanding the Premier League is tough and if you sell good players it makes you weaker.”

Their £20m offer for Burnley winger Luca Koleosho was rejected last week and that deal is also unlikely to progress.