Juventus says they know what they must do to sign Robin van Persie but are keeping tabs on Fiorentina forward Stefan Jovetic.
The Dutchman has opted not to renew his contract with Arsenal, leading to rumours regarding his long-term future in north London.
Van Persie has been linked with a move to Juventus this summer, rather than staying on with Arsenal beyond this summer into the final year of his deal, and Juve say they know what they must do to entice the striker.
"Van Persie is a fans' dream," Juve's general director Giuseppe Marotta said.
"Everyone has dreams but then you have to confront this with the reality.
"We know what we have to do, and that is the important thing."
The Serie A champions do however have an alternative target in Fiorentina forward Stevan Jovetic but claim they are yet to make an offer for the Montenegrin.
"Fiorentina want €30million for Jovetic. Everyone is free to determine the price they want for a player - but we have not begun any talks with Fiorentina," Marotta added.
The Premier League champions City have been regularly linked with the forward after claiming their first major title for 44 years after a dramatic final day of last season.
City signed two players from Arsenal last summer, with Gael Clichy and Samir Nasri opting to leave the Emirates Stadium instead of extending their contracts, which like Van Persie's had been allowed to run into their last 12 months.
United have also been mentioned as potential suitors, with the imminent departure of Dimitar Berbatov set to leave a gap in the club's strike force.
The Gunners have already recruited Lukas Podolski and Olivier Giroud in the event of Van Persie's departure, while they're also looking to keep hold of winger Theo Walcott.
Walcott is also in the final year of his contract and is yet to pen an extension, and Arsenal have good reason to fear their attack being blunted before the season has even begun.