By Tom Blackburn

Arsenal are set to offer Alvaro Morata a contract worth £144,000-a-week, according to a report.

The Real Madrid striker has attracted strong interest from the world’s richest clubs on the back of an impressive two seasons at Juventus.

As reported by Football Insider, Arsenal and Chelsea are both exploring the possibility of signing him during the summer transfer window.

AS claim Arsenal are willing to double the striker’s wages to £144,000-a-week in an attempt to lure him to the Emirates, after he scored 12 times in 47 appearances across all competitions for Juventus this season.

The stunning package would instantly make him the club’s top paid player, ahead of current high earners Mesut Ozil and Alexis Sanchez.

Sources have told Football Insider that Ozil is on £140,000-a-week, while Sanchez’s deal is worth £130,000-a-week. Both players are in talks with the club about contract extensions.

Arsenal turned their attention to Morata after failing to land Jamie Vardy, who snubbed the Gunners to agree the terms of a new Leicester contract.

The Spaniard has spent the last two at Juventus but Real Madrid exercised a buy-back clause of £23million on Tuesday to take him back to the Spanish capital.

The striker enjoyed a fantastic start to Euro 2016, following up a brace against Turkey with the opener in Spain’s 2-1 defeat to Croatia on Wednesday, however Spain crashed out in the last-16 against Italy.

Last month Football Insider reported that his agent Juanma Lopez had given an update on his in-demand client’s future.

“He still has offers from top clubs in the Premier League,” Lopez told Spanish publication AS, as cited by the Evening Standard. “As things stand he is a Madrid player from July 1. Whether he will stay or not, you have to ask Real Madrid.”

In other Arsenal news, West Ham are bracing themselves for a bid from the Gunners for their 22-year-old.