Arsenal are ready to sign Raheem Sterling from Chelsea on transfer deadline day, but only if two conditions are in place.

According to the UK Independent, the Gunners want their London rivals to terminate Sterling’s contract.

They are not willing to pay a fee for the unwanted 29-year-old, who has three years left on his current deal at Stamford Bridge.

Sterling also earns a whopping £325,000 a week at Chelsea.

The second condition Arsenal have given to do any deal is that Sterling takes a pay cut.

Arsenal manager Mikel Arteta knows Sterling well from their time at Manchester City and is ready to work with the England international again.

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