The Daily Star revealed on Tuesday that Russian billionaire Roman Abramovich talked with Zenit bosses and made an official offer to sign the 27-year old player.

Arshavin produced a magnificent display at EURO 2008 so far, leading Russia to the semi-finals after beating hot favorites Holland 3-1.

He missed his country's first couple of games due to suspension but then played a key role in Russia's precious victories over Sweden and Holland.

The Russians will face Spain in the semi-final on Thursday.