Arsenal are preparing to make a move for Lazio midfielder Sergej Milinkovic-Savic, with his price tag believed to be in the region of £45million.

Milinkovic-Savic is coming off arguably the best season of his career, scoring 11 goals and dishing 11 assists in 37 Serie A contests this campaign.

He has been with Lazio since arriving from Belgian side Genk in 2015, but he appears to be headed to the Premier League – with a second English club also reportedly competing for his signature.

TOP STORY – SERBIAN STAR SETS SIGHTS ON PREMIER LEAGUE

Italian outlet Corriere dello Sport called Lazio management delusional if they believe teams will pay a figure of over €70m, and instead believe Arsenal will come calling with a lesser bid of "at least £42m" in the hope it will be enough.

Also mentioned in the report as an interested party are Newcastle United, who are still searching for a marquee signing this offseason.

The Serbian is not the only expensive target on the Gunners' list, as the Telegraph named them as one of five teams considering a move for Leeds United's Raphinha, as well as being linked with Leicester City's Youri Tielemans.

If there is to be a spending spree at Arsenal, the Express is reporting Granit Xhaka could be heading the other way, with strong interest said to be coming from Jose Mourinho's Roma.

ROUND-UP

– The Liverpool Echo are reporting Benfica striker Darwin Nunez has told friends and family he will be heading to Liverpool in a deal believed to be in the range of €100million.

– According to The Mirror, Barcelona have rejected Manchester United's £60m offer for Frenkie de Jong, but are still interested in moving him for a higher fee.

– Inter have slapped a €100m price-tag on centre-back Milan Skriniar after Paris Saint-Germain came calling about his availability, per Calciomercato.

– The Guardian are reporting Tottenham have agreed to a £20m deal for England Under-21 right-back Djed Spence after he impressed last season on loan from Middlesbrough at Nottingham Forest. 

– According to Sport Witness, Jules Kounde has told Sevilla he wishes to leave the club, with Chelsea expected to be the beneficiaries.