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With Sterling still only 26, Man City would likely demand a hefty fee if Arsenal were to make an approach in January.
The Gunners were the Premier League’s top summer spenders, though, and could have more cash in the bank to launch a pursuit.
If Arsenal manage to sign Sterling, City would have the funds necessary to lure Kane away from Tottenham.
Even if chairman Daniel Levy doesn’t budge on his £150m valuation, the funds received for Sterling would allow City to crank up the offers they failed with in the summer.
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