Gunners star offered Spanish dealArsenal winger Robert Pires has been offered a two-year deal by Valencia and will quit Highbury unless they match it.
Arsenal boss Arsene Wenger has tabled a one-year deal with the option of a further season.
But the Spanish club can offer Pires a better proposition.
Wenger is keen to keep hold of Pires, but has a policy of only offering one-year deals to ageing players.
Seville and Inter Milan have also shown an interest in Pires.
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