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The 27-year-old has been hotly-tipped to join the Gunners over the last few days with Atletico also circling.

And yesterday Urbano Cairo, Torino's president, admitted Cerci had asked to leave the club and could go at the right price.

Cairo said: "Cerci's sale is still possible and he has asked to leave.

"There are still four days left in the transfer market, so we’ll see what happens. Of course my desire is to keep hold of him, but we’ll see if we can find a solution that suits everyone.

“I’ve given him my word that we’ll sell him if an adequate offer arrives.

“With Milan it’s all over. Arsenal? There are several options."

The Italian is available for around £16m and could be the perfect replacement for recently-injured Olivier Giroud.

Giroud broke his leg in the dying embers of Arsenal's 2-2 draw with Everton and will be out until 2015.

While Cerci is not an out-and-out striker, he is a versatile forward player and has featured on the wing as well as in the second-striker role for his current club.