According to reports from Italy and Spain, Atletico Madrid have made an offer of €60m (£47m) PLUS Matias Kranevitter for Gonzalo Higuain.

Both Arsenal and Liverpool have been heavily linked with the player but if there is any truth to this bid, then they must surely take a step back and ask themselves if they think he’s worth that sort of money (he probably is).

The Spaniards have offered to pay him €8m a year in wages (£120kpw) plus bonuses.

Matias Kranevitter is a 23-year-old defensive midfielder with a current market value of around £4.5m who made eight La Liga appearances last season.

After struggling for goals last season, Atletico have accepted the need to reinforce at the front and Diego Simeone has reportedly been backed by his board, who will give him whatever funds he needs to get the players he wants.

Arsenal, however, may need to seriously consider their budget this summer.

As all the top clubs try to sign top forwards, there are simply not enough to go around. Those who will be available who fit the ‘world class’ bracket will be the subject of bidding wars which will push already inflated transfer fees even higher.

Higuain, 28, scored 36 goals in 35 league games for Napoli last season. He has two years left on his current deal, a release clause of €95m and a new contract coming his way from the Italians.

Unknown teenager from Ligue 2 it is, then.