Arsenal and Leeds United are resigned to missing out on Paris Saint-Germain attacker Julian Draxler.

The two Premier League clubs were hoping to secure the German in the summer.

Draxler had been in and out of the side at PSG under Thomas Tuchel, but plays a more important role this term under Mauricio Pochettino.

However, the 27-year-old has renewed his contract with PSG, with the deal going until 2024.

On signing his new deal, Draxler told the PSG website: "I love this club and the city of Paris.

"It's a pleasure to play with very great players, for a team like this. I am very happy to have extended [my contract] here."