Arsenal have been quoted a staggering £22million by Newcastle as they prepare a stunning move for midfielder Yohan Cabaye in the January transfer window.

Arsene Wenger is after another creative talent in the centre of Arsenal's midfield and Cabaye can leave if they north London club match Newcastle's valuation. They will be rivalled by PSG, which may explain why the price has shot up.

Cabaye has been in impressive form of late and scored his fourth of the season in the Barclays Premier League when Alan Pardew's side won 3-0 at Crystal Palace last Saturday.

Arsenal moved for Cabaye at the start of the season and he was left out of the matchday squad for Newcastle's season opener at Manchester City.

Pardew claimed his head had been turned by Wenger's interest, but Newcastle refused to sell. They rejected a bid of around £10m.

The player has knuckled down since, won over the dissenters in the Toon Army and produced some sparkling displays. He scored the winner at Manchester United as Newcastle won at Old Trafford for the first time since 1972.

Newcastle are currently in sixth place, six points off the top.

Leaders Arsenal are refusing to give up on one of the most creative talents in the Premier League - and a player who will need little adjustment. They want him in place for the second half of the season.

Newcastle are reluctant to sell the player, but they have told Arsenal that it will cost them £22m to sign him. At that price, it will be difficult to resist for a player who cost £4million from Lille in 2011.

Pardew said recently that he thinks he can keep him at the club and prove Newcastle's ambition. 'I don’t fear losing Yohan. What I know is that he is a fantastic footballer, and I think he’s improving.

'He’s in an environment where he has got pole position in my team. That’s nice for a player like him. You don’t always get that. You can get lost at other clubs.'