Arsenal who was supposed to be the favorites to sign Julian Draxler in Summer, now may lose out on their long-term target as Bayern Munich are closing in on the German youngster.

As per the latest reports, the German champions are negotiating a deal with Schalke for Draxler’s signature. Reportedly, Bayern are ready to pay an advance fee now and rest of the cash later when the deal gets finalized. As a part of the deal, Schalke can keep Draxler for one more season.
Jan Aage Fjortoft , a former player and German TV person, who is also a good source for transfer rumors tweeted.
Re: Draxler
I understand Bayern will try to make a deal with Schalke where they pay part of fee now, but Draxler will come to Bayern 2015
— Jan Aage Fjortoft (@JanAageFjortoft) March 17, 2014
Re: Draxler
I have been told that Arsenal felt they "lost" player when Bayern entered the stage. But I understand player hasn't decided yet
— Jan Aage Fjortoft (@JanAageFjortoft) March 17, 2014