Arsenal have reportedly received confirmation about the amount of money that they will need to part with, in order to lure French Ligue 1 club Rennes' defensive midfielder Yann M'Vila.

The club's Sporting Director, Jean-Francois Creachcadec, in a statement discussing M'Vila's future, said the 21-year-old enforcer was a player of a very high technical value and hence was also of great economic value.

The player, who previously stated that he was ready to prove himself in either Spain's La Liga or the English Premier League, has earned himself a reputation for successfully breaking up plays and showing good control with the ball at his feet. M'Vila also broke the passing record, completing 92.5 percent of his attempted 134 passes, when playing for the French national team in a 2-0 UEFA Euro 2012 qualifying win over Luxembourg.

Creachcadec further revealed that the club had already received a good offer for the player last summer but the deal failed to materialize as it was too late. Now the club is again ready to listen to offers. When the director was asked about a possible move for the player to the Italian Serie A, he revealed that no club in Italy can afford him at the moment.

The Gunners will be looking to lure the player, who is considered the epitome of the modern defensive midfielder, to the Emirates Stadium as an alternative for senior man Alex Song.

M'Vila has also been targeted by both Chelsea and Manchester United, according to a Caughtoffside report.

Yann M'Vila began his senior football career with Stade Rennais in 2009 and has made 99 appearances for the club thus far.