REVEALED! Chelsea fail with €40million offer for Serie A strike sensation

Chelsea have made a £29million offer for Palermo ace Paulo Dybala, according to his agent, but Gustavo Mascardi says his client will not be sold for less than £36m.

The Argentine striker has shot to the top of many clubs' wanted lists after hitting 13 goals in 30 Serie A outings so far this term.

Arsenal have been strongly linked with the 21-year-old but now Mascardi says Chelsea are the only English club who have lodged a formal bid.

Meanwhile, Paris Saint-Germain have also made a higher offer of their own - although the agent says neither is enough to tempt Palermo to sell.

He told Calciomercato: "PSG has stepped forward with a bid of around €45m and Chelsea was already at €40m (£29m). But now the price can not be less than 50 million [Euros].

"Paulo is in no hurry, will make his choice calmly."