Arsenal’s summer transfer target Mauro Icardi has signed a new five-year contract with Italian side Inter Milan, as reported on the club’s official website.

The Argentina international is regarded as one of Serie A’s most-potent centre forwards and is a key man for the Nerazzurri as their captain and attacking talisman.

The Gunners were consistently linked with a move for Icardi over the summer months, with it even reported that the Emirates Stadium outfit were to meet with the South American’s agent.

However, the former Barcelona youth player has stayed true to his current employers, penning a new deal to keep him in Milan under 2021.

Reuters also report that there is a buyout clause of €110 million (£99 million) in Icardi’s contract that can only be activated by non-Italian clubs.

The Argentine will clearly be an important figure in Inter’s potential rejuvenation under Frank De Boer and has already netted six goals in his first seven Serie A games this season.

Arsenal opted to sign Lucas Perez from Deportivo La Coruna for £17.1 million in the summer to bolster their options in the final third.

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