Arsenal and Chelsea have been given transfer hope in their pursuit of Palermo midfielder Josip Ilicic, according to reports.

TalkSPORT claims Napoli have pulled out of the race to sign the 25-year-old midfielder, who couldn’t prevent his side from getting relegated to Serie ‘B’ this season.

The Azzurri have been put off by a £12million price tag, according to the report, and will not be pursuing the player further.

However, Palermo president Maurizio Zamparini is looking to ‘trim the wage bill’, and sees Ilicic as one of the club’s most valuable assets.

That means the transfer door is open to both Chelsea and Arsenal, according to the radio station, with both clubs showing an interest in the 22-cap international in the past.

Chelsea’s transfer plans are sure to be anything but concrete at this stage though, with a new manager yet to be appointed at Stamford Bridge.

Arsene Wenger, meanwhile, has vowed to spend big in the transfer window, and Ilicic joins a long list of potential additions for the Gunners at the Emirates Stadium this summer. 

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