Pellegrini wants big Cazorla fee

Arsenal has been heavily linked with a move for the Spain international with media speculation suggesting a fee of 20 million euros could close the deal.

However, Pellegrini believes the 27-year-old, who cost Malaga a reported club-record 20 million euros when he joined on a five-year deal from Villarreal last northern summer, is worth more than that.

"Selling him for 20 million is to gift him away, I don't think the club is in a position to do that or has the intention to do it," Pellegrini was quoted as saying at a press conference in Venezuela where Malaga is on a pre-season tour.

"If important offers come in for players they are always worthy of consideration, but I don't think that for 20 million Santi is going to leave the club because it would be, as I said, a gift."