Arsenal slap £10M price-tag on Reyes

Arsenal boss Arsene Wenger is ready to sell striker Jose Reyes to Real Madrid at the end of the season.
 
Wenger and Arsenal vice-chairman David Dein have agreed a fee of £10 million for the Spanish international.

Dein spoke with Wenger about Reyes' valuation after fielding an official approach from Real Madrid chief Emilio Butragueno over the weekend.

Butragueno asked Dein to name his price for the former Seville starlet, but nothing was agreed during the lengthy phone conversation.