Chelsea and Arsenal have withdrawn from the race to sign Nigerian striker Victor Osimhen.

Italian transfer market expert Ciro Troise revealed this latest development to CalcioNapoli24.

"Chelsea and Arsenal have pulled out of the race to sign Victor Osimhen," Troise stated. "PSG and Chelsea were long-time admirers of the Nigerian, but the Blues couldn't progress further due to the player's massive release clause."

Osimhen's impressive performances have attracted top European clubs, but the significant release clause has proven a major obstacle.

"Osimhen's talent is undeniable, but the financial constraints have forced Chelsea and Arsenal to explore alternative options," Troise added.

This update leaves PSG as a potential suitor, but Napoli remains hopeful of retaining their star striker.

"The transfer market is unpredictable, and we'll continue to monitor the situation," Troise said. "Osimhen's future remains uncertain, but one thing is clear – he's a coveted asset in the transfer market."