Antonio Nusa has been a fixture on Arsenal's radar since before this summer's transfer window.
The RB Leipzig winger has continued to catch the eye for club and country since then, with Arsenal's options out wide thinned by injury in October.
Leipzig, though, are now reported to have ruled out selling him when the window opens in January.
Antonio Nusa to Arsenal rated ‘Likely'
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Antonio Nusa to Arsenal
Arsenal's interest in Nusa is long-standing, but the current squad picture had turned it into live business rather than a background note.
The clearest point in its favour is the buying club itself, a Premier League leader with the financial muscle to absorb a fee in the tens of millions without strain.
The single most decisive fact is now Leipzig's stated reluctance to sell in January, not simply the valuation gap, since reports say the German club have ruled out a winter departure regardless of fee.
Financial viability
- Arsenal are preparing to open with a bid in the £34m to €40m range, while reports on Leipzig's valuation have since ranged from €60m up to £70m.
- Arsenal generated €821.7m in revenue in their 2024-25 accounts, the seventh highest total in world football according to the Deloitte Football Money League.
- Nusa is tied to Leipzig until 30 June 2029, giving the German club room to hold out for a higher fee.
- Arsenal's revenue grew 15 percent in that same Deloitte ranking, with no reported financial restrictions on their January business.
Arsenal's finances make this fee comfortably affordable, even at Leipzig's asking price rather than at their own opening number.
The contract picture favours Leipzig more than Arsenal, since Nusa is tied down into 2029 and the German club are under no pressure to sell at a discount.
Growth in Arsenal's commercial revenue gives the club room to negotiate without squad cost concerns shaping the talks.
Buying club need
- Christos Tzolis, signed from Club Brugge for €40m in the summer, is out with a hamstring injury, with a return targeted for late October.
- Noni Madueke, who arrived from Chelsea for around £50m, suffered a separate knee injury against Manchester City and is expected back around the November international break, both timelines sitting before the January window opens.
- Nusa has 2 goals and 2 assists in 4 Bundesliga appearances this season, ahead of Tzolis's return of 1 assist in 5 games for Arsenal so far.
- At 21, Nusa fits the age profile Arsenal targeted this summer when they moved on from the 30-year-old Leandro Trossard.
Injuries make the timing of this pursuit unusual rather than desperate, since Tzolis and Madueke are both sidelined but both expected to be training again before January's window even opens.
That timing cuts against the idea of an emergency signing, because the players Arsenal would be covering for should be fit again by the time any deal could complete.
What survives that caveat is the upgrade case, since Nusa's underlying numbers in the Bundesliga already outstrip what Tzolis has produced in his opening months in England.
At 21, Nusa also fits the pattern Arsenal followed this summer, when the 30-year-old Leandro Trossard was moved on to make room for a younger left-sided option.
Player motivation
- A move to Arsenal, the Premier League's top side this season, would be a clear step up from RB Leipzig.
- Nusa started 31 Bundesliga games last season and remains a first-choice starter for both Leipzig and Norway.
- In August, Nusa told Sky Sport DE, relayed by Fabrizio Romano, that he had never asked to leave Leipzig and was focused on the club.
- Arsenal captain Martin Odegaard is a current Norway teammate of Nusa, a relationship several reports note the club could lean on.
Stepping up from RB Leipzig to the Premier League's current pace-setters is an obvious incentive, though one that would be true of almost any club chasing Nusa this winter.
Less obvious is how much the move would change his day to day circumstances, since he is already a first-choice starter in Leipzig colours and for Norway.
His own public position, at least as of the summer, leaned the other way, when he denied wanting to leave and said he was focused on Leipzig.
Arsenal do have one lever few other suitors can match in Martin Odegaard, a Norway international who knows Nusa from international duty.
Selling club incentive
- Reports in mid-October said Leipzig have no intention of selling Nusa during the January window and see him as central to their attack.
- Nusa is under contract to Leipzig until 30 June 2029, with those same reports putting his valuation as high as £70m, above the €60m to €65m range reported earlier in October.
- No replacement winger has been linked to Leipzig if Nusa were to leave.
- Nusa has scored twice and set up two more in his first four Bundesliga games this season, continuing a run of form that follows a strong 2026 World Cup for Norway.
Leipzig's position has hardened since Arsenal first circled, with reports now describing a club ruling out a sale rather than simply holding firm on price.
There is no sign of a replacement already lined up in Leipzig, which usually points to a club in no rush to do business.
Nusa's form strengthens that position further, because a player scoring and creating at this rate in a World Cup year is not one most clubs sell cheaply, let alone one they are reported to see as central to their attack.
Market momentum
- Germany's Fussball News reported on 3 October that Arsenal are working on a formal £34m offer, with the London Standard, TEAMtalk and CaughtOffside since reporting Arsenal are readying the move.
- TEAMtalk reported on 6 October that Arsenal are trying to beat Tottenham to Nusa's signature with a prepared bid.
- Reports in mid-October said Leipzig have ruled out selling Nusa in January, a claim no outlet covering Arsenal's side of the story has matched.
The reporting so far sits a tier below the kind of sourcing that usually accompanies a deal in its advanced stages.
Germany's Fussball News was first to put a number on Arsenal's opening approach, and the story has since been picked up and advanced by the London Standard, TEAMtalk and CaughtOffside.
Against that sits a separate, more recent line of reporting that Leipzig have closed the door on a January sale, a claim that has not yet been matched or denied by anyone reporting Arsenal's side of the pursuit.
Antonio Nusa to Arsenal: Will or won't it happen?
The honest read is that Leipzig's reported position has shifted from reluctant-but-biddable to a flat refusal, and that shift is what has pulled the score back toward the middle of the Likely band.
It gets done if Arsenal's bid closes far enough towards Leipzig's new valuation that the German club's stated reluctance gives way, most plausibly later in the window or in the summer.
It stalls if Leipzig's stated position holds through January, which the current reporting suggests is the more likely outcome for this specific window.