Palermo have confirmed that Paulo Dybala has rejected a contract extension and looks set to be sold over the summer.
The Argentinian is wanted across Europe after a superb season in Italy, netting 12 goals for the Serie A outfit, and the recent reports have given clubs a mega-boost with the news that he is ready to leave.
Dybala was offered a new deal at Palermo and a long-term offer in order to fend off potential suitors, but according to the club's director of sport, he has snubbed the offer on the table and may now leave the club as they look to cash in on him.
Recent reports have suggested that Premier League side Arsenal are favourites to land the 21-year-old, but they will face competition from several clubs across Europe, including Serie A champions Juventus and La Liga giants FC Barcelona.
In recent weeks, Arsenal's London rivals Chelsea have also been linked with signing the Argentine, however, their attentions seem to be elsewhere for now, leaving Arsenal in pole position to sign the striker.
The Gunners could sell Theo Walcott over the summer after more contract controversy with the Englishman and Arsene Wenger may see Dybala as a suitable replacement if available.
Palermo have valued their star-asset at £30million but Wenger would undoubtedly try to push down that price. Whether they offer enough for the Italian club is yet to be seen, but it would give them substantial funds to find a replacement and reinvest in their squad.
When asked about Dybala, the club's director of sport Dario Baccin accepted that a transfer away is likely to take place this summer, especially after he chose to reject a new contract at the club.
"He has rejected all our proposals for a contract renewal, so at this stage it’s safe to say he will certainly leave," he said.
The recent comments from Baccin will provide a transfer boost to all those who are interested as the race for Dybala is set to hot up as we near the end of the season and the opening of the Summer transfer window.