The Daily Mail says Balotelli wants £5million-per-year after tax to join Arsenal this summer.
The Gunners have shown an interest in the Italy international after learning the striker will be allowed to leave AC Milan this summer.
The North London club have been quoted a £100,000-per-week net for his wages.
In addition to his wage package, the Gunners would have to fork out in the region of £16million to prise him away from the San Siro.
For the big stories and the banter follow us on Twitter: @tribalfootball