According to latest reports from Italy, Arsenal are preparing a sensational bid for AC Milan’s Stephan El Shaarawy.

Recently AC Milan hinted that they may listen to offers for  the 20-year-old if the bidders are ready to match their €35 million valuation of the player.

Manchester City, Napoli and now Arsenal are the interested parties.

Tuttosport  reported that Arsenal are favourites to sign El Shaarawy as they have the necessary funds to spend this summer.

El Shaarawy scored 16 goals in 37 Serie A appearances for AC Milan last season earning praises from all parts of the footballing world.

He is currently training with Italy as they are preparing  for their Confederations Cup clash against Mexico on Sunday.