Red Bull Salzburg have reportedly informed Chelsea and Arsenal that Dominik Szoboszlai will be available for just £26m during this summer's transfer window.
The 19-year-old enjoyed an impressive 2019-20 campaign for his Austrian club, scoring 12 times and contributing 18 assists in 40 appearances in all competitions.
A number of clubs have been linked with the Hungary international ahead of the 2020-21 season, with Chelsea and Arsenal both said to be keen to bring him to the Premier League.
According to Salzburger Nachrichten, Salzburg are resigned to losing the teenager this summer and would be prepared to accept offers in the region of £26m.
Szoboszlai scored nine times and registered 14 assists in 27 league appearances during the recent season, while he also struck once in five outings in the 2019-20 Champions League.
Manchester United, Atletico Madrid and AC Milan have also previously been linked with a move.