Chelsea and Arsenal know they must cough up £12 million to win the race for Villarreal defender Martin Caceres.
Villarreal sporting director Jose Manuel Llaneza claims Chelsea have made an £8million bid for the 21-year-old centre-half.
But Real Madrid and Arsenal have also been tracking Caceres after he was chosen as the best defender in the Copa America Under-20 tournament last summer.
Chelsea have made the first move, even though their valuation is below Villarreal's £12m asking price.
Caceres, on loan at Recreativo Huelva, said: "I am calm and nothing will affect my game. I have heard the rumour about Arsenal but I haven't spoken with anyone from the club."
Villarreal sporting director Jose Manuel Llaneza claims Chelsea have made an £8million bid for the 21-year-old centre-half.
But Real Madrid and Arsenal have also been tracking Caceres after he was chosen as the best defender in the Copa America Under-20 tournament last summer.
Chelsea have made the first move, even though their valuation is below Villarreal's £12m asking price.
Caceres, on loan at Recreativo Huelva, said: "I am calm and nothing will affect my game. I have heard the rumour about Arsenal but I haven't spoken with anyone from the club."
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