Arsenal have wrote off £5.5 million from Park Ju-Young's signing.

The London Evening Standard says the South Korean arrived from Monaco on deadline day in the summer of 2011 but barely featured in Arsene Wenger's first team.

And despite having been sent on a season's loan to Celta Vigo, the club have put a £5.5m "impairment fee'' in their recently published accounts, writing off the value of one player.

With Denilson and Nicklas Bendtner almost at the end of their contracts, that fee must relate to Park - and means Arsenal believe they cannot recover any of their outlay by selling the striker.