Arsenal have begun official negotiations with Bologna for the signature of Liverpool target Riccardo Calafiori this summer.
The rising asking price of the Italy defender has knocked Juventus out of the race to sign him in the ongoing transfer window.
Bologna want a minimum of €50m before agreeing to sell him given 50 per cent of the proceeds would be due to his former club FC Basel.
Calafiori’s asking price means only his Premier League suitors are likely to sign him...