Brazilian club Germio would be happy to allow Bitello to join Arsenal for £8 million this summer.
The 23-year-old Bitello has emerged as a target for top European clubs following his excellent form for Gremio.
The Gunners are willing to sign the midfielder and have set out a sum of £8 million to secure the player.
Football transfer expert Tim Vickery said that Gremio would not have any problem accepting the sum from Arsenal.
“What really excites Arsenal about this player is how well Bitello has dovetailed with Luis Suarez,” he told HTC
“You’ve got to be clever to play with Suarez, and Bitello has been on a really good wavelength with him.
“Maybe something like £8 million. Gremio are looking to sell. They would be very, very pleased to sell.”
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