By London correspondent Tony Hughes

Arsenal are prepared to make Alvaro Morata the best-paid player in the club’s history to beat Chelsea to his signature, according to a report.

The Sun claim the Gunners are willing to pull out all the stops to land the Juventus striker, who could cost around £40million.

Arsene Wenger is in the market for world-class centre forward to enhance his team’s chances of winning the Premier League title next season.

It is said Wenger is prepared to make Morata, 23, his highest paid player in order to push through a deal.

Arsenal will reportedly offer Morata a five-year-contract worth £155,000-a-week, beating the £140,000 salary Mesut Ozil currently earns.

Chelsea are also interested in the player and have already informed his agent they would pay him basic salary of £135,000-a-week at Stamford Bridge, which could be topped up with bonus payments based on goals scored.

Wenger has said he is likely to need a new striker following Danny Welbeck’s latest injury, which rules him out for the majority of next season.

Morata currently plays for Italian champion Juventus but former club Real Madrid plan to re-sign him this summer using a £25million buy-back clause as part of the deal that took him to Turin in summer of 2014. He will then be sold on for maximum profit, with Real expecting to raise at least £40million.

Juventus are keen to re-sign him and there’s also interest from Manchester United but both those clubs are currently looking at cheaper targets.

Morata scored 11 goals and supplied 12 assists in 46 games in all competitions for Juventus this season and is expected to lead the line for Spain at Euro 2016.

In other Arsenal transfer news, the club are close to finalising a deal that will cost £65million in total.