Arsenal would reportedly have to fork out a total of £150m to sign primary target Dusan Vlahovic from Fiorentina.
The 21-year-old is one of the most sought-after strikers in Europe, with the Gunners prepared to break the bank to recruit the Serbia international in January.
Arsenal’s North London rivals Tottenham Hotspur, as well as the likes of Manchester City, Real Madrid and Juventus are also interested in signing Vlahovic.
According to the Daily Mail, any interested clubs would have to pay a £58m transfer fee to sign Vlahovic, while the striker would demand a salary worth around £300,000 per week across a five-year contract.
Vlahovic is also insisting that around £15m is paid to his representatives, which the report claims has been a major stumbling block with several interested parties across Europe.
Fiorentina are believed to be desperate to sell their talisman this month, who has just under 18 months remaining on his contract.
Vlahovic is currently the top goalscorer in Serie A, netting 16 times for La Viola in 20 appearances this campaign.