Gremio are reportedly open to parting ways with attacker Everton Soares for a fee of £40m.

Having established himself as a regular member of the Brazil squad over the past 18 months, Soares was linked with a number of top European clubs over the summer.

Arsenal and AC Milan were said to be among his suitors, although neither the English nor Italian giants opted to follow up their initial interest.

However, Calciomercato claims that Gremio have set an asking price for the 23-year-old, an indication that they are willing to cash in on the player.

The South American outfit are allegedly ready to do business at £40m, despite the forward still having just under three years left on his contract.

Gremio's decision could potentially lead to more interest ahead of the January window.