In an interesting transfer approach, rumors are out that Premier League side Arsenal FC could buy their top transfer target Juventus striker Alvaro Morata from Spanish giants Real Madrid for £39.5 million in the coming offseason.

Caught Offside reported that "Morata's former club Real Madrid are looking to buy back their ex-striker from Juventus for around £23.5 million and then sell him to Arsenal at a markup for £39.5 million" at the end of the season as the La Liga and Serie A clubs may have already agreed to a deal prior to the upcoming summer transfer window.

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Arsene Wenger and the Gunners were known to have been desiring the 23-year-old forward since last summer as they have made an offer for him again during this year's January transfer window. This should be another opportunity to snag him to the Emirates Stadium even though it will come at a higher cost than the team would have liked.

The 6-foot-2, Madrid, Spain native is having an impressive season thus far with the Italian champions as a backup striker behind Argentine goal scorer Paulo Dybala, scoring six goals in 28 domestic top flight appearances.

He has a total of 10 goals in 40 games in all competitions so far and could still add to his total with eight games left in their Serie A campaign, which will more likely end up in a fifth straight Scudetto for La Vecchia Signora.

Meanwhile, AS Football indicated that aside from the Gunners, Bundesliga champions Bayern Munich is also interested in acquiring Morata in the summer, although there are no reports if the German club will also take the Los Blancos route.

Incoming Bavarians manager Carlo Ancelotti, who was Morata's coach during his time with Real Madrid, is said to be "looking to strengthen Bayern" and has always been a "keen admirer" of the young Spaniard.

Morata was acquired by Juve from Real in the summer of 2014 for a transfer fee of £16 million.

Tags Football Transfer Rumors, Football Transfer Rumors 2016, Arsenal FC, Juventus FC, real madrid, Alvaro Morata, Premier League, La Liga, Serie A