Mario Balotelli
Balotelli could join Arsenal, suggests his agent.GettyImages

Mario Balotelli's agent Mino Raiola has refused to rule out the possibility of the Milan striker joining Arsenal this summer.

The Italian international has been persistently linked with a return to the Premier League with Arsene Wenger reportedly very keen to add him to his attacking options.

Balotelli, who left Manchester City for a return to Serie A in January 2013, could yet make another move in the coming months after Milan suffered another disappointing campaign in Italy and his agent has suggested Arsenal are one of the 10 clubs in world football who can afford him.

"Arsenal is a fantastic club in London," Raiola said in a statement released by Sky Sports. "Will a transfer happen? Anything is possible.

"Only 10 clubs in the world maximum could afford Mario – like all premium players and he is one of the greatest. I won't make any further comment until after the transfer window closes."

Milan's need to reinvest in a squad that could only muster an eighth place finish last season could see the club consider offers for the 23-year-old, who gave Premier League defenders a reminder of his goal scoring prowess with his winner against England in Saturday's Group D clash.

The Mirror reported on Tuesday morning the Gunners are prepared to meet Milan's £25m asking price for Balotelli, as part of the Italian club's plans to ease strain on their wage bill.

Milan stated earlier this month that the club would wait until the confirmation of their new manager to make a final decision on the future of their striker. But following the appointment of Filippo Inzaghi, who replaced fellow club legend Clarence Seedorf, a decision from the Rossoneri is likely to be imminent.

Strengthening the club's options up front as become a priority for Arsene Wenger this summer with Olivier Giroud still the club's only option up top. Arsenal have also maintained an interest in QPR's Loic Remy while the club have also informed Real Sociedad of their intentions to activate a buyback clause in Carlos Vela's contract.