The Daily Star says the Gunners could be set to land AC Milan striker Balotelli this summer with Costa Rica ace Campbell going the other way in a sensational cash plus player switch.
Gunners boss Arsene Wenger is on the lookout for a forward as he looks to strengthen his squad ahead of the new season.
Reports indicate that Milan are willing to sell the former Inter Milan ace to the Gunners for just £8m, providing Campbell is included in the deal.
San Siro chief Filippo Inzaghi is thought to be keen on selling Balotelli this summer as he looks to free up funds to remodel his new side.
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