Arsenal have told Juventus they want £27million to part ways with Hector Bellerin after the Italian club make an approach regarding a transfer.
The Spanish defender is high on Juve's wish list with new boss Andrea Pirlo keen to add a right-back to his squad.
Juventus have already been in discussion with Arsenal and have received positive signals a deal can be done providing they meet Bellerin's asking price.
Corriere dello Sport report that Arsenal are willing to sell the 25-year-old, who is prepared to move on but will not make any attempts to leave.
Bellerin has been with The Gunners since 2011 and still has another three years remaining on his current contract.
One stumbling block for Juventus is financing the transfer as Pirlo must sell players before he can bring in any new additions.
The likes of Douglas Costa and Sami Khedira are up for sale while Gonzalo Higuain will be allowed to move on a free just to get his big salary off the wage bill.
Pirlo does have an alternative to Bellerin if they are unable to pull the deal off.
Ajax star Sergino Dest has been identified as an exciting prospect for the future and Juventus are hopeful of securing first option on the 19-year-old.
Arsenal have adequate back-up for Bellerin if he does leave but Mikel Arteta may consider drafting in a new right-back, particularly with Ainsley Maitland-Niles expected to move on.
Wolves are interested in signing the versatile 22-year-old for £20million to cover the loss of Matt Doherty, who is poised to join Tottenham.
Arteta has Cedric Soares as an option while Pablo Mari can also play at full-back but Bellerin is currently first choice.
Meanwhile Gabriel Magalhaes appears set to become Arsenal's second signing of the window in a £27million switch from Lille.
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The Gunners look to have beaten off competition from Man Utd and Napoli to his signature but Arteta explained there was still some way to go before Magalhaes becomes an Arsenal player.
"We cannot announce anything yet [with regards to Gabriel]," Arteta said. "The deal is not finalised, he is a player we have followed for a long time. Hopefully we can get it done.
"Everything is okay when both parties sign and the player agrees the terms and he goes through the medical. Sometimes in the final stages it is not as easy as it looks but we are pretty positive that we can do it."
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