Arsenal is prepared to spend £25 million to acquire Mario Balotelli from AC Milan.
Arsène Wenger is in Brazil with French TV, as are Balotelli's representatives.
Agent Mino Raiola said: “Arsenal is a fantastic club in London. Only 10 clubs in the world maximum could afford Mario - like all premium players - and he is one of the greatest.
“I won’t make any further comment until after the transfer window closes.”
Arsenal are looking to sign a striker this summer, with Loic Remy of QPR also an option.