The Italian website claims the two Premier League teams, along with Bayern Munich, are the likeliest to make a move for the Serbian international this summer.
It was only fourteen months ago when the Gunners lost out to Juve in the race to sign Vlahovic but he could be on the move once again at the end of the season.
The Bianconeri have been deducted 15 points for financial irregularities and they are unlikely to qualify for the Champions League, which means they will be forced into selling players.
However, Calciomercato report that they could still demand €90m (£79m) for Vlahovic. Whether Arsenal would be interested for that price, it is unlikely. Manager Mikel Arteta already has Gabriel Jesus and Eddie Nketiah at his disposal, while Folarin Balogun will return to the club soon.
You can’t see there being much room for Vlahovic, unless at least one striker leaves the Emirates.
AD