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Arsenal are prepared to sign Raheem Sterling from Chelsea on transfer deadline day, but they have set two key conditions.

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According to the UK Independent, Arsenal want Chelsea to terminate Sterling’s contract, as they are unwilling to pay a fee for the 29-year-old, who still has three years remaining on his current deal and earns £325,000 a week.

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Additionally, Arsenal require Sterling to agree to a significant pay cut.

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Arsenal manager Mikel Arteta, who is familiar with Sterling from their time together at Manchester City, is eager to work with the England international again.