The Gunners have been heavily linked with the young Argentine in recent times, with suggestions circulating that he’s a top target for this summer.
Dybala has emerged as one of the best attacking prospects in European football this season, firing 12 goals for the pink-clad Italian side in Serie A.
His performances have, naturally, drawn much attention, and now Chelsea are desperate to win the race for his signature.
Reports claim that the Blues have stormed in in a bid to fend Arsenal off, with contact between the club and Dybala’s agent having been established.
Palermo would, ideally, like to keep the 21-year-old, but bids of around £28.9m may be accepted.
Chelsea have also been linked with Inter Milan’s Mauro Icardi, who is not a dissimilar player to his divisional rival.