Manchester City, Juventus and Wolfsburg have all expressed an interest in Bologna playmaker Gaston Ramirez, according to his agent Pablo Betancourt.
The Uruguay international was expected to generate plenty of interest this summer, having shone during a two-season stint in Italy.
Speculation suggests he could be on his way to one of Europe's top clubs, with a frantic scramble for his signature about to be set in motion.
Ramirez's representative admits it is likely that a deal will be done at some stage, but says there is no guarantee that the South American will opt to join Premier League winners City or Serie A champions Juve.
"I can confirm that Juventus and Manchester City have contacted me to show an interest," Betancourt told calciomercato.com.
"But there is especially an interesting offer from Wolfsburg and also another one from an important Spanish club.
"I think, considering all the offers, the possibility that he could leave (this summer) could happen.
"I would like to point out that there are several agents working on the player but from 1st June, I will have his exclusive rights."
Ramirez scored eight goals in 33 league appearances for Bologna in 2011/12 and the 21-year-old is under contract with the Serie A outfit until June 2016.