Spanish hotshot striker Alvaro Striker, included in the provisional squad for Spain ahead of Euro 2016, is being heavily pursued by Premier League giants Arsenal, Manchester United and Manchester City. The latest to enter the fray is Chelsea.

Morata, 23, currently playing for Juventus, could, however, return to Real Madrid -- where he started his youth career -- for the time being. The striker left Real Madrid in 2014 to sign for Juventus, but Real President Florentino Perez had inserted a €33 million (around £25 million) release clause in the deal.

According to Mirror now, Real are set to exercise their buyback clause. The report further adds that the La Liga giants are also working on a deal to sell the player immediately for around Â£40 million.

Arsenal, who lost out on signing the player in 2014, meanwhile, are reportedly willing to dish out a whopping Â£51million bid for Morata to get him from Real Madrid, according to Express. The Gunners had paid £42.4 million to sign Mesut Ozil from Real Madrid in 2013 in what was the most expensive signing by Arsenal, ever.

Chelsea also are, meanwhile, hoping to start negotiations with Real to get their hands on the player, with reports coming in that new coach Antonio Conte keen on adding some real firepower in their attacking line.

Morata won the Serie A title with Juventus twice, and also featured in the UEFA Champions League final last season. He signed a fresh five-year contract extension with Juve in December 2015.