Arsenal have, according to Gazzetta dello Sport, put an offer on the table for Fiorentina striker Dusan Vlahovic that is worth €70 million (£59m/$79m).
The Gunners are determined to win the race for a much sought-after talent and are prepared to pay €55m (£46m/$62m) for the Serb, while also allowing Lucas Torreira to make his loan stint in Florence permanent.
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