Arsenal tell Real Madrid: £10M for Reyes

Arsenal vice-chairman David Dein is ready to sell striker Jose Reyes for a knockdown £10 million.

The Mirror says Dein took the decision after strong interest from Real Madrid president Florentino Perez.

Dein and manager Arsene Wenger are resigned to losing Reyes, who joined from Seville 14 months ago for a club record £17m.

Reyes' agent Jaime Rodriguez De Moya met Dein to try to broker a deal and was told Madrid would have to find £10m.