Arsenal aren't willing to match Palermo's £31 million asking price for striker Paulo Dybala, according to the Express.
It had previously been suggested that the Gunners were leading the race for the player's signature, but it now appears that the north London outfit will make a lower offer in the upcoming January transfer window.
Boost for others
This news, then, looks set to boost Arsenal's Premier League rivals as the race to secure the player's signature heats up. As well as the Gunners, the duo of Manchester United and Liverpool have both been credited with interest in the forward that has been labelled the 'new Aguero'.
In fact, the same report has suggested that both Manchester United and Liverpool are willing to spend the £31m that it will take to bring the talented forward to the Premier League.
It remains to be seen, however, as to whether they will press ahead with a move for Dybala, as they look to improve their options in attack.
It would certainly prove a strange move from Manchester United if they swooped for the Serie A star in the next transfer window as they already have an array of attacking talent at their disposal.
The Red Devils currently have the likes of Radamel Falcao, Robin van Persie, Wayne Rooney and James Wilson fighting it out for a place in the first-team at Old Trafford.
Liverpool, on the other hand, are in desperate need of improvement up top, with the likes of Rickie Lambert and Mario Balotelli struggling to shine under Brendan Rodgers this term.
And with Daniel Sturridge still out on the sidelines, the Merseyside outfit are struggling for goals in the Premier League.
Dybala, then, at 21-years-old, would no doubt prove a success in England's elite division as he looks set for a bright future in the game.