Denilson will remain on loan with Sao Paulo for a further 12 months according to reports in Brazil this evening.

Sao Paulo’s director of football Adalberto Bautista thrashed out a deal with Denilson’s representatives, which required the Brazilian side to increase the money on offer to Arsenal.

The club were looking for a permanent deal, with a number of clubs in Spain mooted, but Denilson has established himself in the Sao Paulo side despite not scoring a goal in nearly 70 appearances. It also means that his contract will have just 12 months to run at the end of this loan deal, thus making a permanent transfer fee more affordable.

Had the deal not been done, Denilson would have been expected to return for pre-season training this coming Monday.

So, at least some good transfer news today. We kid, we kid.

Sort of.

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Thanks to @brazilgunners