Shakhtar Donetsk will continue to negotiate with Arsenal over a deal for Mykhaylo Mudryk but warned they will only sell at the right price.

Arsenal are reported to have had a bid of £57million (€64.4m) for winger Mudryk rejected by the Ukrainian champions.

Shakhtar director Carlo Nicolini on Wednesday stated that the club will expect a fee closer to the £100m (€113.2m) Manchester City paid for Jack Grealish than the £82m (€92.7m) Manchester United stumped up for Antony.

Sergei Palkin was due to hold further talks with the Premier League leaders on Thursday, yet the Shakhtar CEO stressed the club's prized asset will be going nowhere if the Gunners do not offer what they are looking for.

He told the club's official website: "Negotiations are continuing. We receive offers, but they are not the ones we would like to see on our table.

"Now, literally in five minutes, I will have a phone conversation with Arsenal. We are open to negotiations, ready to exchange ideas and figures. If we will agree, then let it be so. If we will not, then let it be another time."

Palkin's comments come after Nicolini told Calcio Mercato: "I confirm that Arsenal is one of the most active teams.

"When there is an interested company, we ask: 'Make a proposal and when we have it in hand we start to negotiate.'

"As we have always said, to deal with Mudryk, you need an important offer. Arsenal may have made such an offer, but there is negotiation.

"Players were sold that the clubs wanted to sell and that we consider no stronger than Mudryk with a valuation of around £100m, so we consider no less than £60m.

"I am not the one to make the figure, I have no particular indications from the company, but the director has said that we need an important offer closer to Grealish than for Antony. If the cash figure is £40m, it is not even taken into account.