
London: Arsenal have told Real Madrid that bidding for skipper Cesc Fabregas starts at 54 million pounds.
According to the Sun, the Spanish giants are ready to meet Arsenal's demands in their determination to trump Barcelona.
A Real source said: "The president Florentino Perez has identified Fabregas as the one signing above all others to hurt Barcelona.
"He believes signing Fabregas would be a real statement of intent for next season. He will do whatever is needed to put the club back above Barca," the source said.
Perez is ready to sanction a 100 million pound spending spree to keep Fabregas - also a Manchester City target - and Atletico Madrid striker Sergio Aguero out of Barcelona's clutches.
Real sources claim that Arsenal has made it clear they will not sell Fabregas to another English club.
Barcelona-born midfielder Fabregas, 24, has set his heart on a return to the Nou Camp after eight years in England.