Arsenal and other interested clubs have been told that Shakhtar Donetsk won’t sell Mykhaylo Mudryk for less than €70m (£60.6m), according to journalist Igor Burbas.

The Ukrainian reporter says that Shakhtar have increased the 21-year-old’s asking price by €20m, following his exploits in Europe this season:

“In private conversations with European agents, about a week or two ago, the management of Shakhtar stated its position that the auction for Mudrik would begin with a figure of 70 million euros. This despite the fact that, before the start of the Champions League, the winger was valued at 50 million euros.”

Mudryk has been described as the “Ukrainian Neymar” by some in the media, and he is an extremely talented young player. He has been scouted by the Gunners since the summer transfer window but the new valuation may put them off from making a bid in January.

Mikel Arteta’s side are believed to be in the market for a winger, and Mudryk did seem like a good option, considering his age and attributes, but it has been reported that the London club may only have a £50m transfer budget. From the looks of things, they will be priced out of a move for the Ukrainian international.