Arsenal and Chelsea quoted £86m for Andrea Belotti

Arsenal and Chelsea have both been reportedly told to stump up £86m if they wish to sign Italy international striker Andrea Belotti, according to the Metro.

The Premier League rivals, who currently sit third and first in the English top-flight standings after 23 league games respectively, have both been linked with summer swoops for the Torino hotshot.

The 23-year-old, who has five international caps for his country, has scored 16 goals and provided four assists in 22 appearances in all competitions for the Serie A outfit so far this season.

Belotti, who joined Torino from Italian rivals Palermo back in August 2015, is understood to have a whopping €100m (£86m) release clause.

Club President, Urbano Cairo, insists any potential suitors will have to stump up that huge sum if they wish to sign the in-form forward.

“We have a contract with Belotti until 2021 and the release clause says that when he leaves €100m will come in,” he said.

“There is no written or verbal agreement that we’ll sell him if we don’t qualify for the Europa League.

“He’s a top person as well as a top player and he’ll be the protagonist for us reaching the Europa League, either this year or next.

“If you want to chatter then go ahead, but these are the facts.”