According to Ben Smith of the BBC,Arsenal are also after Schneiderlin.Local paper is reporting that Arsenal have signed Calum Chambers form Southampton for £16 million:-
/www.dailyecho.co.uk/sport/11368125.Arsenal_and_Saints_discuss___16m_Chambers_deal/
I'm actually really chuffed about this!! A fantastic bit of business for Saints for a player who is second choice right back and massively over-priced. It's a bit of a concern that we will have no one to play for us next season but for Arsenal to pay 3/4 of what Liverpool bought the very talented Adam Lallana for, this would appear to be the worst piece of business by a top flight club this close season. He is good but perhaps a £4million player at most and not of the same calibre as Clyne whose departure would have concerned me.
We have pocketed about £80 million in transfers this season - not sure how much of this will be spent but it will certainly pay off the debts associated with the academy.
This time last year £16m was still our record transfer fee, I'll be amazed if Wenger is paying that for a backup RB
Ben Smith ‏@BenSmithBBC 1m
Spurs have also made an enquiry for Jay Rodriguez
I've already posted what Ben Smith has said.Keep up Dave FFSBen Smith ‏@BenSmithBBC 1m
I'm told Arsenal want Morgan Schneiderlin AND Callum Chambers from Southampton. Spurs have also made an enquiry for Jay Rodriguez

Can't see Saints staying up this season. Too many new players and inexperienced reserves as about 3/4of the first time will have been sold by August. I'm gutted. We have got to be relegation favourites even with Ron Koeman in charge.
Chambers close to completion, fee above £10m, terms not finalised. Seen as versatile option RB, CB & more advanced if needed
The worry is that the 2 areas of the team we all said needed strengthening at the end of last season we've seen nothing

The annoying thing is that the better reserves have been touted by the big clubs even before they've kicked a ball for Saints. The left back Matt Targett is considered to be better than Shaw hence the reason they let his leave for Man Utd. There is also a midfield player called Harrison Reed who is being watched by Man Utd as he is seen to be the new Paul Scholes. Reed has hardly featured even as a substitute.
The club seems to be in meltdown and the intentions of the executive to retain the squad and resist bids has proved to be fatuous as the whole team wanted away as soon as the knew Poch was off to Spurs. With the likes of Lallana, it appeared that his future was mapped in the spring before the season had ended.
Annoyingly, we have the best academy in the country but it now produces talent for the top teams in the country, It will ensure that we are continually solvent yet I don't think that Saints have any ambition beyond remaining in the PL which is now a very tall order.
Targett is only 4 months younger then shaw... Surely if he was better he'd be starting ahead of him?
You may or may not have picked up that Ian talks quite a lot of bollocks, but uses up lots of words in doing so.
Ignore the thing about needing to raise money to pay off the academy building costs too. That's also balls.