Transfer news: Deportivo La Coruna chief Tino Fernandez flying into London to secure deal for Arsenal striker Lucas Perez

Deportivo La Coruna president Tino Fernandez is heading to London in an attempt to secure the signature of Arsenal striker Lucas Perez.

Perez is desperately looking for a way out of the Emirates this summer after falling down the pecking order and being stripped of the No.9 shirt.

Deportivo, who sold the Spaniard to Arsenal a year ago for around £17m, are the favourites to win the race for him - although Newcastle are interested too.

So far, however, Deportivo have failed to agree a fee for Perez as they are reluctant to meet Arsenal's £13m asking price.

According to La Voz de Galicia, that has sparked the Spanish club's president, Fernandez, into action and he is set to fly to London to hold face-to-face talks with Gunners chiefs.

Fernandez is hoping that such a move will help a deal for Perez get over the line before the transfer window slams shut.