Arsene Wenger continues to be linked with a move for the Argentine striker who has been earning rave reviews in Serie A this season.
Dybala was among the scorers once again last weekend as he took his tally to 13 goals in 28 appearances.
Juventus have also been linked with the 21-year-old and there looks set to be a bidding war for his signature during the summer.
Tuttosport is reporting that Arsenal are ready to outbid the Italian giants with a £25m move plus bonuses which could put them in pole position to sign Dybala at the end of the season.
