Arsenal are ready to move for Palermo striker Paulo Dybala if Theo Walcott leaves the club this summer, reports The Mail on Sunday.
The England international appears to be stalling over a new contract with the Gunners despite his claims that he has yet to be offered one.
Arsene Wenger has already hinted that negotiations with Walcott's advisors are set to run long into the summer, which will see his current deal run into its final 12 months.
Premier League interest
Inevitably, the uncertainty around Walcott's future has inspired interest from several Premier League clubs. Chelsea and Manchester United are both reportedly interested, but it seems Liverpool are most keen.
They can offer Walcott a guaranteed starting place in their first XI and, according to the same report, are willing to pay him £100,000-a-week. Should Walcott be attracted to Anfield, Wenger will cash in and start moving for a replacement.
His top choice is Dybala, who has been attracting interest from all over Europe after emerging as one of the top young strikers in world football.
Manchester United are also believed to be tracking the striker as are Juventus and Arsenal will have to bid big to outspend their rivals.
However, Palermo president Mauro Zamparini has claimed that the Emirates would be the young Argentine's first choice if he moves to the Premier League.
Talking to Italian station Radio Marte last week, Zamparini said: "Juventus and Arsenal have already made the offerings, Pierpaolo Triulzi, the boy's agent, will be in Italy on Friday.
"My request is more than 40 million euros. Dybala would prefer to stay in Italy, but among the English clubs Arsenal is the first choice of the boy for the way he plays the team coached by (Arsene) Wenger."
Of course, Walcott will first have to depart.
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