Arsenal have made the first move in the race to sign in-demand youngster Paulo Dybala from Palermo by making an offer worth €40 million.
However the Gunners face some serious competition from Borussia Dortmund, who have lodged a massive bid worth €48 million according to reports in Argentina.
The young forward is one of the hottest in Europe right now, and a host of big-name teams are hot on his trail. That includes Liverpool and Manchester United, but it seems as though it is Arsenal who are the most keen.
Dybala has drawn comparisons to Sergio Aguero this season, and has banged in an impressive seven goals in 16 Serie A appearances already. It was previously reported that Arsenal had baulked at his £31 million asking price, but according to Argentinian daily Clarin that is exactly what they have offered.
Seemingly wary of Arsenal, Manchester United and Liverpool though, Dortmund have gone in with a huge offer to kick things off in the hope of scaring off their rivals for his signature.
The paper say there could be a major development in the coming days as Palermo mull over their options with the January window on the horizon. That means the likes of Manchester United and Liverpool will have some time to launch a counter offer for the 21-year-old.
Palermo President Maurizio Zamparini has been quick to praise his young starlet in the past, and believes it is only a matter of time before he becomes on of the best players in the world.
"Within two years, he's going to be better than Cristiano Ronaldo, [Lionel] Messi and [Zlatan] Ibrahimovic," he said.
"It would take €40m (£31m) to take him away from us. He's the best striker in Serie A."