26-year-old Zaha burst onto the scene as a precocious teenager with Palace after coming through their youth academy, and famously became Sir Alex Ferguson's last signing as Manchester United manager in 2013.
During negotiations for the Wan-Bissaka deal, Palace were unable to reduce or remove the clause that would require them to pay Manchester United 25 per cent of any profit should they sell Zaha.
Will Arsenal sign Zaha?
But Arsenal have made it clear they value Zaha at around £40million - half of Palace's valuation.
In response to the ridiculous bid, Palace told the Gunners that they want double the amount (£80m) paid within a year.
Although Arsenal must focus their attention towards landing defensive reinforcements this summer, opportunities to sign players of Fekir's calibre for £30 million in today's market seldom come along. At the same time Zaha's brother, Judicael, said his sibling should be allowed to go and "realise".
Arsenal have been trying to get a deal agreed for Tierney in recent weeks and the Sunday Post, via The Sun, suggested on the weekend we were close to reaching an agreement after submitting a third offer worth £20m up front plus £5m in add ons. Only Eden Hazard completed more dribbles than him during the campaign.
Arsenal are open to selling Pierre-Emerick Aubameyang but will demand at least £56 million for the striker, according to reports.