The 21-year-old is expected to leave Atalanta this summer following an impressive loan with fellow Serie A side Cagliari.
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It’s been widely reported that Inter Milan are on the verge of signing Palestra as their replacement for recently departed Denzel Dumfries.
Inter have made an offer €45million plus €5m in bonuses but an agreement has yet to be reached between the clubs.
According to The Athletic, however, Inter are facing some ‘serious competition’ from Premier League Chelsea for his signature.
Palestra’s future is set to be decided within the coming days with other Premier League sides said to be interested.