Arsenal have made an improved offer for Shakhtar Donetsk winger Mykhailo Mudryk, worth up to £62m

Arsenal have made an improved offer for Shakhtar Donetsk winger Mykhailo Mudryk, who is estimated to be worth £62m.

Talks continue with Shakhtar keen to get more of a guaranteed fee up front for the 21-year-old after initially turning down Arsenal’s initial offer of £35m plus £17m in add-ons.

Arsenal are still in talks over a deal for Joao Felix from Atletico Madrid, but the Spanish team’s £13.25m loan demand is more than double what Manchester United are willing to pay for the Portuguese striker.

Felix is ​​understood to also want around £5.3m in wages for the remainder of the season, bringing the total cost of the deal close to the £20m mark.

There are no live discussions with United at the moment and that is unlikely to change unless the Spanish club change their stance.

Arsenal and Chelsea would also need those figures to come down before going any further.

The Blues had also shown interest in Mudryk, as part of their focus on young players. Mudryk turns 22 on Thursday, the same day Chelsea host a Premier League clash with Manchester City.

However, Arsenal remain heavy favorites to take the winger, and Mikel Arteta’s side are keen for more attacking options to help their title fight.

On New Year’s Eve, Mudryk posted on Instagram that he was seeing ‘2 great managers’: Arteta and his former Shakhtar Donetsk boss Roberto Ze Derbi, who now manages Brighton.

It has been seen as another hint of Mudryk’s possible move to north London.

Arsenal take on Eddie Howe’s Newcastle United in a battle of first and third at the Emirates Stadium in the capital on Tuesday night.