Reigning Italian Serie A champions Juventus FC recently turned down a €70 million offer from La Liga powerhouse Real Madrid for the services of their Argentine striker Paulo Dybala.

The 22-year-old Argentina international, who was acquired by Juve in June of last year for €32 million plus €8 million in add-ons from fellow Serie A club Palermo, is said to have "established himself as one of the most exciting young players in Europe", scoring 19 times in 34 appearances in the Italian top flight during his first season in Turin, as per Caught Offside.

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Dybala, signed by Juventus to a five-year contract starting this season, netted 23 goals in 45 games for the Old Lady in all competitions in the recently concluded term as his form promises to bring I Bianconeri more success for the rest of his stint.

However, his performance did not go unnoticed to lurking heavyweight clubs as he has now become one of the most sought-after young stars in Europe which even caught the eye of one of the richest teams in the world today, Real Madrid.

Rumors have emerged that Los Blancos sent out a huge bid of €70 million to try and snag Dybala for themselves this summer, but the Turin residents said to have immediately rejected it.

It is not readily known if Real will make a new and improved offer for Dybala during the summer transfer window, but what is sure is that Juve is not ready to sell their young striker at this point of his career.

It was said that Juve's priority at this point is to further strengthen the team and prepare them for Champions League competitions rather than sacrificing one of their key players to make financial gains.

Dybala himself insisted that he is only focused on playing for Juventus at the moment and next season's Champions League trophy is in his sights.

"My future will definitely be here. I strongly believe in myself, nobody expected a year like this in terms of goals and wins. Next year we want to win the Champions League," he said, via ESPN.

Tags Football Transfer Rumors, Football Transfer Rumors 2016, Juventus FC, Paulo Dybala, real madrid