Valencia coach Pako Ayestaran feels that Los Che can cope with selling Shkodran Mustafi to Arsenal as they feel they have a replacement, while the Gunners' offer was above what is rational.

The Spanish giants were keen not to sell Mustafi and knocked back Arsenal's initial approaches for the Germany centre-back.

But recently Arsenal dug deep and offered a fee in excess of £35m, which Valencia have not been able to resist, especially as they feel they can make do without the former Everton man at such a price point.

"We think of the circumstances. The offer is considerable. We believe that we have an adequate replacement and it is very simple. You have to be smart", Ayestaran was quoted as saying by Spanish daily El Mundo Deportivo.

"It is club policy and we must face a situation that the market has generated. It is not only Valencia. It seems to be a disaster, but it is a situation that we will live through later", the Valencia boss continued.


"The economic power of other leagues is so high that often offers are escaping from the rational", Ayestaran added.

Arsenal have been desperate to bring in another centre-back this summer, a situation which became critical following injuries to Per Mertesacker and Gabriel Paulista.

The Gunners are also expected to sign striker Lucas Perez from Deportivo La Coruna for just over £17m, meaning a double raid on La Liga clubs worth over £50m.

Boss Arsene Wenger has come in for criticism for not spending money this summer.