£20m transfer setback for Arsenal as they failed to reach agreement with striker. Nketiah is refusing to sign a new deal and will be free to join a foreign team in January, leaving Arsenal without a fee.
The homegrown forward will be searching for a big income, which he will most likely find in Germany.
Crystal Palace was the only domestic club interested in Nketiah, 22, but the deal fell through, and the Eagles instead signed Celtic’s Odsonne Edouard.
If there is no transfer fee to be paid, Nketiah might earn £60,000 per week plus signing-on cash.
Arsenal will lose out on a player they originally wanted for £20 million but were willing to settle for around £12 million at the end of the market.
Arsenal also demanded a sell-on fee or a buy-back option, which turned off prospective buyers.
And, with his wages on top, potential domestic takers were put off by the transfer.
Nketiah can now sign an overseas pre-contract in a matter of weeks, causing another major delay for Arsenal.
This summer, Brighton expressed interest in signing the forward, so Nketiah could have Premier League choices.
However, if a foreign team makes a January move, they risk losing out on his signature.
Ainsley Maitland-Niles and Sead Kolasinac were among the peripheral, undesired players Arsenal failed to offload.
However, the Gunners were able to obtain last-minute loan deals for Hector Bellerin, Reiss Nelson, and Alex Runarsson, while Willian’s contract was annulled.