Juventus locked in negotiations with Udinese over Armero
The Old Lady are keen to reinforce the left side of their squad ahead of the 2012-13 campaign, and they believe the 25-year-old fits the bill, having already brought in former team-mate Mauricio Isla for the other flank.
Juventus have already opened talks with Udinese and have proposed a one-year loan deal, with the option to make the move permanent at the end of the season.
Nevertheless, the Udine side have no intention of letting Armero leave on loan, and have told Juve that it would take an offer in the region of €12 million (£9.4m) to lure the Colombia international away from his current club.
The Serie A champions are reluctant to invest heavily on Armero, though, and are hopeful that Udinese will accept a co-ownership deal instead.
However, Juventus are keen to offload Reto Ziegler first in order to generate funds, before returning with another offer for Armero.
The versatile Colombia international would be the third player to leave Udinese for the Old Lady this summer following the previous departures of Mauricio Isla and Kwadwo Asamoah.