Bayern Munich rule out move for Arsenal target

Arsenal have been given a great sigh of relief as Bayern Munich chairman Karl-Heinz Rummenigge dismissed the club's interest in Schalke playmaker Julian Draxler, according to talkSPORT.

The 20-year-old German international has been the subject of transfer speculation since the start of the year and is expected to leave Schalke when the transfer window reopens in the summer.

With Bayern out of the race for Draxler's signature, Arsenal have been given licence to secure the player's services for the next season.

This is what Rummenigge had to stay about the Bavarian club's interest in Draxler,

"Such rumours are ridiculous, absolutely nonsense. Every day a news item comes out and I can only laugh about it."

"We also talked about it with Schalke, and we agree on this. I just can't explain how these rumours come out. Maybe somebody doesn't sleep well at night."