Palermo will reportedly demand £31m for Arsenal target Paulo Dybala before entertaining the prospect of selling the youngster.
Dyaba, 20, who has been likened to a young Sergio Aguero, has scored four times in 12 games for his Italian club this season.
A number of European teams have been linked with a move, but Arsenal are said to lead the race for the Argentine.
According to the Daily Star, Palermo have placed a £31m figure on the head of the attacker, who wears the number nine shirt for the Serie A club.
Dybala joined Palermo from Instituto in 2012.