Italy international Mario Balotelli could be on his way from AC Milan to Monaco, with injured Columbian Radamel Falcao going in the other direction.

Arsenal have been linked with a move for Balotelli this summer, though cash-rich Monaco could scupper their plans and take their target to France, according to The Express.

The 23-year-old is currently on World Cup duty with Italy, and AC Milan president Silvio Berlusconi recently admitted that he was not sure if Balotelli would stay at the San Siro.

"Will Balotelli stay? We have not decided about the market yet, neither for signings or sales," Berlusconi is quoted as saying. "We are evaluating, anyway, new players, but to take decisions we must wait for the new coach."

Falcao is currently out with a knee injury, missing the chance to appear at the World Cup.