Serie A champions Juventus, have fallen behind in the race for Real Madrid striker Alvaro Morata after German side Wolfsburg submitted a formal offer of around £15.9million.
The young Spanish striker has been closely watched by Juventus for a long period of time now, and it was thought their only challenge would be from Premier League side Arsenal, however Bundesliga outfit Wolfsburg have submitted a formal bid and are leading the race to the 21-year-old's signature.
The Premier League side, managed by Arsene Wenger, were desperate to sign Morata in January on loan, but Carlo Ancelotti ruled out any potential transfer halfway through the season, and declared that he would listen to offers in the Summer, once the season was officially over.
Reports suggest that Madrid are in the market for a new striker to compete with Karim Benzema for the number-one role up front, and if they are successful in that pursuit, it's believed that Morata will be allowed to leave the club, if the right offer was made.
Some have suggested that Madrid want at least £24m for the young Spaniard, but so far, Juve and Wolfsburg have submitted formal bids way short of that mark.
Juve, who won the Serie A title once again this season, reportedly made a formal offer of around £14.3, which is nearly £10m short of Madrid's asking price, whilst Wolfsburg have made an offer just shy of £16m, which is closer to Madrid's valuation, but still reportedly not close enough to see them sell.
However, it is expected that officials from the Bundesliga side will be travelling to Spain on the next few weeks to hold talks with the hierarchy at the Bernabeu, and the two parties are hopeful that a deal can be agreed.
Although, it's suggested that Morata is only interested in signing for a team in the Champions League, which means Arsenal or Juventus would be his likely destination, rather than Wolfsburg.
Whoever wins the race to sign the Spaniard, may have to accept losing him just a few years later for a cheaper price however, as Madrid are keen to add a buy-back clause into any deal they make for the striker.
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