🚨 EXCL: Arsenal have this evening submitted a formal offer to Leeds for Raphinha. #AFC contacted #LUFC earlier to indicate intention to make bid & that has now landed. Falls well short of #LUFC valuation, expected to be rejected out of hand @TheAthleticUK https://t.co/KUnHHNtFMe

— David Ornstein (@David_Ornstein) June 21, 2022