Montpellier demand €17m for Arsenal and Man Utd target Remy Cabella

French outfit Montpellier have named their price for Arsenal and Manchester United target Remy Cabella, as the clubs are said to be keen on acquiring the player's signature during the January transfer window.

Arsenal have long-term admirers of the talented midfielder, who has also been associated with a switch to Manchester United in recent weeks.

The 23-year-old who is under contract with the Ligue 1 side until 2016, could be set to leave Montpellier during the New Year.

The Gunners are considered favourites to land the gifted midfielder following the signing of Olivier Giroud from the French club for less than £10m in 2012.

Montpellier President Louis Nicollin has now declared that the French Under-21 international will not come cheap. He said: "If we are given €17m we will see."