AC Milan have slapped a £20million price tag on star striker Mario Balotelli, alerting Arsenal, Chelsea, Liverpool, and Tottenham Hotspur, Express reports.

The Serie-A giants are looking to sell the Italian international after discussions between president Adriano Galliani and Filippo Inzaghi agreed that Balotelli can leave this summer.

Milan have had an underwhelming season, finishing out of a Europa League spot and are looking to make major changes during the transfer window.

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Inzaghi, who is expected to replace current manager Clarence Seedorf, will be the man behind the squad overhaul with Balotelli likely to be the first out the San Siro door.

The AC Milan legend is however thought to be keen on keeping the 23-year-old, but will not block the player if he wants to depart.

Balotelli’s ‘super-agent’ Mino Raiola has been reportedly seeking a new club for client, with several Premier League teams including Arsenal, Liverpool, and Chelsea all interested in signing the former Manchester City man.

Balotelli has scored 30 goals in 54 appearances for the Rossoneri, a good striking rate, but interested parties will need to take into account his erratic behavior when considering his £20million fee.