Fiorentina's Felipe Melo will cost Arsenal at least £14 million if the North London were to go ahead with their reported interest in the player.

The 25-year old Brazilian international is believed to be highly rated by Gunners boss Arsene Wenger but Fiorentina sporting director Pantaleo Corvino said there is a price tag that comes with the territory.

"For Felipe, €15 million is not enough," Corvino told Tutto Mercato.