Arsenal target to join Atletico Madrid

Arsenal look set to lose on one of their main transfer targets, according to reports.

The Gunners had been tipped to sign long-term target Jackson Martinez from Porto, following the Colombian's intent to leave the Primeira Liga giants in the summer.

Recent reports suggested that the talented marksman may head to the Emirates, after AC Milan pulled out of the chase.

However, his agent has now stated that the player is set to snub the Gunners for a move to La Liga with Atletico Madrid.

Martinez has been in top form for Porto, scoring over 20 goals in each of his last three seasons at the club.