Inter Milan are reported to be considering a move for Arsenal target Hulk.
Hulk netted 36 times for Porto last season as the Dragões lifted a domestic treble as well as triumphing in the final of the Europa League.
Reports in recent days have suggested Arsenal were keen on the Brazlian striker, and the 25-year-old's agent has since claimed the Gunners have been in touch in the past.
However, should Arsene Wenger decide to register his interest again, Arsenal will have to contest Inter, according to Tuttosport.
The Italian giants are alleged to be considering a January swoop in order to further reinforce their strikeforce following the summer exit of Samuel Eto'o.
Inter did bring Diego Forlan and Mauro Zarate to compensate for the loss of the Cameroon international, but neither has managed to live up to expectations thus far.
Hulk, meanwhile, is likely to set either Inter or Arsenal back a significant sum - with the Porto star's buyout clause set at €100 million.
"He will only be sold if someone pays the €100m (£87m) so this figure of £23m that has appeared would not be considered," said Hulk's representative Teodoro Fonseca.