AC Milan could reportedly lower their £27m valuation of Mario Balotelli if Arsenal were to include Costa Rican forward Joel Campbell in the deal, according to reports in Italy.
Milan have an eye on the Gunners forward who spent last season on loan with Greek champions Olympiacos, Tuttosport suggests.
The 21-year-old has also been impressing at this year's FIFA World Cup as he scored in Costa Rica's 3-1 win over Uruguay.
Arsenal boss Arsene Wenger has already stated that he is willing to give Campbell a chance next season but a cut-price deal for Balotelli could tempt the Frenchman into the deal he looks to strengthen his squad in other areas.