
The 29-year-old joined the Gunners two years ago in a £17m deal, but spent last season on loan at Deportivo after being deemed surplus to requirements by former manager Arsene Wenger.
Emery’s arrival appeared to offer Perez a second chance at the Emirates, with the Spanish boss even having tried to sign his compatriot while in charge of PSG.

However, Portuguese newspaper A Bola report that Sporting have agreed a fee of just £4.4million with Arsenal for Perez – a significant loss on the figure they paid just two summers ago.
Arsenal are keen to cash in and Emery has warned both Perez and fellow striker Danny Welbeck that they face the prospect of receiving very minimal game time next season.
Perez still needs some convincing to leave Arsenal, however, and Sporting are struggling to match his salary demands.

Nevertheless, they are still hopeful of concluding a deal before the end of the month – with Arsenal free to sell players after Thursday’s Premier League deadline – especially if Emery omits him from his squad.
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