​Arsenal have agreed personal terms with Everton striker Romelu Lukaku, according to Italian journalist Emanuele Giulianelli. 

Arsene Wenger recently failed in his attempt to sign Jamie Vardy from Leicester after the England international agreed a new four-year deal at the Premier League champions, and now it seems Wenger will turn his attention to Everton's Lukaku as he looks to bolster his squad. 

Everton v Arsenal - Premier League

The Gunners are now set to submit an offer to the Merseyside club for Lukaku, according to 

Giulianelli, although Chelsea are also believed to be interested in re-signing the Belgium international. 

Rumours continue to circulate that Diego Costa will push for a move back to Atletico Madrid this summer which could prompt Chelsea into making a move for their former striker. 

It has been reported that Costa is unsettled in England and is desperate for a move back to Spain, which could ultimately open the door for Lukaku to rejoin Chelsea, although, there is a possibility that Costa will stay at Stamford Bridge with Lukaku returning to partner the Spain international up front. 

New Chelsea manager Antonio Conte often opts for a formation that uses two centre-forwards and, as a result, could push the hierarchy at the club to make a move for the 23-year-old, who they originally signed for £20m in 2011.

However, Arsenal appear to be leading the chase for the Belgian forward after reportedly agreeing personal terms. The reported fee that has been quoted by Everton is £60m; a fee that would smash Arsenal's current record transfer of £42.4m for Mesut Ozil.