It comes as news that will excite fans of the Premier League but could raise concerns for some Gooners as Balotelli's reputation goes before him.

But the Gunners are facing a tough battle from money-bags Monaco who also want the Italian ace.

Reports suggest the 23-year-old has been told he can leave AC as new manager Filippo Inzaghi looks to the future.

Monaco are thought to be willing to offer injured Colombian forward Radamel Falcao but the money, doubled with Falcao's wage demands, could mean the Gunners' offer is more attractive to the Italian club.