You can have Cesc Fabregas for £50million

ARSENAL have told Barcelona: You can have Cesc Fabregas for £50million.

And Arsene Wenger has already held talks with Joe Cole over filling the gap left in the Gunners midfield.

Arsenal insisted skipper Fabregas, 23, was not for sale when they dismissed Barca's opening bid last week.

But the Nou Camp's top brass now claim Arsenal say they will sell... if Barca double their offer.

The Catalan giants are not prepared to do that but the fact Arsenal have named a price suggests there is now room for negotiation.

A Nou Camp source said: "This is the news the men in charge at Barca wanted.

"They now see the possibility of Arsenal cracking and are determined to get their man.

"They hope they can get an agreement at around the £35m mark."

Chelsea star Cole met Gunners boss Wenger before jetting out to South Africa with England last week.

The former West Ham ace, 28, is out of contract and set to quit Stamford Bridge after seven years.

Chelsea boss Carlo Ancelotti has not given up hope of keeping Cole.

Assistant boss Ray Wilkins admitted: "Carlo and myself would love Joe to stay. But it's down now to the club to see what we can do."