Arsenal to up their bid for Luis Suárez, keep Gonzalo Higuaín on hold

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The encouraging part for Arsenal fans about this ongoing saga is that it’s becoming all the more obvious Arsène Wenger does, in fact, have a war chest to empty in this summer’s transfer market. The discouraging part: No major purchases have been made, and if old ideological-based concerns are going to get in the way of spending money new advertising deals have given the Gunners, then what’s the point?

We’ll get to that in a minute. For now let’s talk about the latest reports out of England surrounding Wenger’s newfound fascination with Liverpool’s Luis Suárez, the want-away striker moving slightly closer to Arsenal after reports the London club has upped their offer for the Uruguayan dynamo from $45 million to $52.8 million (or, £35 million), just $7.5 million short of the number Liverpool would reportedly consider. If that number was a negotiating stance, you have to assume Arsenal’s getting close to hitting Liverpool’s real evaluation.

In the mean time, Gonzalo Higuaín waits in the wing. The Real Madrid man is reportedly ready to complete his prolonged transfer to North London, but before Wenger leaves with the Argentine, he’s taking another trip around the bar, seeing if he can get one of the women he was chaing at the beginning of the night to give him some time before he settles. At last call, it might not be the classiest move, but in world soccer, it can be part of the deal. (Until a team undercuts them, like Bayern just did to Manchester United.)

In the past, “part of the deal” for Arsenal has always been a seeming reluctance to overspend, a product of their economically-driven view of players and part of the reason their record transfer purchase remains £15 million (Santi Cazorla, Andrei Arshavin). Arsenal can clearly spend more, but once you start getting farther from the £6-£10 million purchases Wenger’s comfortable making, heightened, model-breaking demand based on elite player scarcity starts creating inefficiencies.  It’s unclear Wenger’s Arsenal has ever been comfortable with this inefficiencies.

In the past, the reason for that may have been financial as much as philosophical, but with the club’s influx of cash, they can afford to embrace the market’s imperfections in the name of competing for trophies. Nobody said sports markets are perfect (they are usually defined by irrational actors). Perhaps being the most resourceful rational actor in a market would be a good long-term strategy for Arsenal if they had assurances the big boys would themselves out of existence, but by the time that happens (if it ever does), Wenger will have long left North London.

So while Arsenal has money to spend, the question if whether Wenger will capitulate to meeting the prices of an insane market. All indications are he might, but until we actually see the professor sign off on one of these purchases, it’s all theory.

Soccer world reacts to the Manchester attacks

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NBC News is reporting that at least 19 people have been killed and another 50 are injured following a possible suicide bombing at an Ariana Grande concert in Manchester.

Multiple senior U.S. intelligence officials who are monitoring British authorities told NBC News that preliminary reports indicate that a single explosion took place outside the arena on the southwest side opposite the train station. The explosion occurred as the concert ended, catching people as they exited.

Soccer clubs, players and personalities around the world are reacting to the horrible event.

Juventus purchases Cuadrado from Chelsea

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If you didn’t realize Juan Cuadrado still belonged to Chelsea, you’re forgiven.

The Colombian attacker will complete his second season at Juventus after the UEFA Champions League Final against Real Madrid, and won’t be headed back to Chelsea afterwards.

Juve has purchased Cuadrado, and the fee is $22 million, and Juve will pay it over three seasons. Cuadrado, 28, is now signed through 2020 with The Old Lady.

Cuadrado first went on loan to Juve in Aug. 2015, and has eight goals and 18 assists in 83 career appearances with the club.

Chelsea bought Cuadrado from Fiorentina for around $32 million in the January 2015 transfer window, but made just 14 appearances with the club.

Report: Jermain Defoe meeting with Bournemouth

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Sky Sports is reporting that Jermain Defoe may head back to the south of England following Sunderland’s relegation.

Defoe, 34, spent two seasons with Portsmouth between 2008-09, scoring 15 goals in 31 appearances.

[ MORE: ‘The Moment’ of each PL club’s season ]

The 56-times capped England striker had a clause in his Sunderland contract allowing him to leave the Stadium of Light were the Black Cats to be relegated, as they were this season. He’d have little interest in dropping into the Championship given his desire to stay a part of the England squad ahead of the 2018 World Cup.

Bournemouth’s strike corps includes Joshua King, who scored the most goals of any player not on a Top Seven side this season. King’s 16 goals were one more than Defoe’s 15, though the latter scored just one goal following a brace against Crystal Palace on Feb. 4.

Chelsea’s Conte wins pair of top managerial honors

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Antonio Conte took league and national honors from the League Managers Association on Monday night.

The Chelsea boss was named Premier League Manager of the Year and Manager of the Year after leading the Blues to the PL title and an FA Cup Final in his first year on the job.

Brighton and Hove Albion boss Chris Hughton nabbed another Championship boss of the year award after leading the Gulls to the Premier League. He also won the honor with Newcastle United in 2010.

The League One winner is Chris Wilder of Sheffield United. Wilder won the honor with Northampton Town last season.

In League Two, Paul Cook of Portsmouth was named the winner.