Both Barca and French champions Paris Saint-Germain are interested in luring the right-back away from north London this summer, with the Gunners begrudgingly prepared to cash in.
However, according to Spanish newspaper Marca, the Catalan club are working on a very restricted budget and will have to get creative in order to land Bellerin.
Their preferred option is to initially sign the 25-year-old on loan with an obligation to buy him permanently next summer – though Arsenal are very clear that they want a big fee now so they can invest in the transfer market themselves.
If Arsenal are unwilling to agree to a loan, Barca will instead try a permanent transfer but will include a player to lower the overall outlay of the deal.
As things stand, Barcelona would not be able to meet Arsenal’s £25m asking price,…