Premier League runners-up Arsenal are reportedly preparing a new bid for Victor Osimhen after Napoli lowered his asking price, according to reports in Italy.

Arsenal have been pursuing the Nigerian international for the last two transfer windows.

On Monday, June 1, Il Matino reported that Napoli are no longer insisting on the €120 million release clause included in Osimhen's new contract signed last December.

Despite lucrative offers from Saudi Arabia, the 25-year-old is not interested in considering a move to the Saudi Pro League.

Napoli is keen to cash in on the Super Eagles striker to use the funds to sign a new striker for the club.

According to Campania newspaper, Napoli have identified Belgian forward Romelu Lukaku and Ukrainian striker Artem Dovbyk as potential alternatives should Osimhen leave this summer.

Securing a concrete deal for Osimhen has proven challenging for Napoli president Aurelio de Laurentiis.

La Gazzetta dello Sport reports that no official bids have been made for the former Lille striker despite interests from PSG, Chelsea, and Manchester United.