Serie A giants Inter Milan are looking to increase star striker Mauro Icardi's €110m release clause in a bid to ward off interest from Europe's elite, according to CalcioMercato.
The 24-year-old captain has been outstanding form this season, with his hat trick in Sunday's Milan derby taking him to nine goals in eight games this season.
The Argentine striker is already contracted at San Siro until 2021, but the club want to present him with a new deal that would increase the release clause in his contract to €150m.
Premier League sides Arsenal and Chelsea reportedly have an interest in Icardi, who, despite his goalscoring record, has a troubled relationship with the Inter faithful.
However, his goals and leadership this season under new manager Luciano Spalletti have led Inter to a strong start in Serie A, where they sit second just two points behind leaders Napoli.
Since joining the Nerazzurri in 2013, Icardi has managed an impressive 87 goals in 154 appearances in all competitions and is likely to represent Argentina at next year's World Cup.
Inter have been starved of success in recent years, having not won a major trophy or qualified for the Champions League since 2011. Since winning the treble under Jose Mourinho in 2010, the club have also been through twelve different managers but look set for a new period of prosperity under new ownership and Spalletti's management.