With less than 48 hours to go until the close of the January transfer window, Arsenal have had another bid for Moises Caicedo rejected by Brighton. The Gunners have seen an improved £70M fee thrown out by the Seagulls after having an initial £60M offer rejected by the Premier League club.

The tussle for Caicedo continues with Brighton still maintaining that the midfielder is not for sale. Over the weekend, both Arsenal and Chelsea strengthened their positions to go all out for the Ecuador international but are yet to make significant breakthrough in their pursuit. While the interest in the camp of the Blues has cooled as a result of the player's price tag, the Gunners are desperately hoping to get a deal over the line.

On Saturday, Mikel Arteta's side had a £60M offer for the midfielder rejected by Brighton as it fell short of the club's valuation of the player. 24 hours later, they submitted an improved offer in the region of £70M plus add-ons. However, according to Fabrizio Romano, the new fee has also been thrown out by the Seagulls as they eyeing a potential club-record fee for their want-away star.

Understand Arsenal second bid for Moises Caicedo worth £70m fee with add ons included has been immediately rejected by Brighton tonight. #AFC #BHAFC

Should Arsenal make a new proposal in the next 48 hours, it'd be a potential record fee for the club. pic.twitter.com/6mXNfsKI64

— Fabrizio Romano (@FabrizioRomano) January 29, 2023

In the meantime, Caicedo has been asked not to stay away from training until the transfer window closes on Tuesday's deadline after trying to force through a move. The 21-year-old South American released a statement across his social media pages pleading with Brighton to allow him make his dream move before the window closes.

Following Sunday's 2-1 win over Liverpool in a FA Cup fourth round clash, Brighton manager Roberto De Zerbi stated that losing Moises Caicedo would be a problem for Brighton's chances of qualifying for Europe. The Amex Stadium outfit are sixth in the Premier League, five points behind fifth-placed Tottenham, while having two games in hand on Antonio Conte's side. Having already to sold Trossard to league leaders Arsenal for £21m plus add-ons earlier this month, allowing another key member of the team to depart could come with dire consequences.