Arsenal owner Stan Kroenke was reportedly willing to match Chelsea's offer of £88million for Mykhailo Mudryk in January before Mikel Arteta opted against the move.
The Gunners had been interested in the winger back to late last summer before accelerating their pursuit in the January transfer window. Sporting director Edu Gaspar saw two transfer offers turned down by Shakhtar Donetsk before London rivals Chelsea swooped in.
Mudryk completed his move to Stamford Bridge swiftly after Todd Boehly met Shakhtar's valuation and Arsenal instead signed Leandro Trossard from Brighton & Hove Albion for £27m.