Though now, according to Gazzetta dello Sport (via Daily Cannon), Genoa are willing to kick-start negotiations for the precocious Italian from €25m. The 16-year-old has already made six appearances for the Serie A side, which is enough evidence to pique the interests not just from Arsenal, but also from Manchester City and Juventus.
Still, a €25m price tag would still be too steep for a 16-year-old, especially for a club like Arsenal that are always keen on getting the best possible deal. Perhaps the Genoa placed such a hefty fee on Pellegri as a deterrent to put off suitors.
Pellegri is a product of the Italian grassroots system, and he made his professional debut for Genoa at the young age of 15-years-old.
Pellegri has already netted twice, and as his contract heads into its final 18 months, he'll need to make a decision on whether to stay at Genoa and stay part of the first team setup, or move to a bigger club and face a longer path to the first team.