Atletico Madrid striker Luciano Vietto monitored by Manchester United and Arsenal

Manchester United and Arsenal have turned their attention to signing Atletico Madrid striker Luciano Vietto this summer. The 22-year-old joined the Spanish capital club from Villarreal for a fee of €20m (£15.4m, $22.6m) in June 2015.

In his final season at Villarreal, the striker scored 12 goals from 32 league appearances. However, he has failed to replicate his form at Atletico and has managed only one goal in La Liga and finished the 2015/16 campaign with three goals in all competitions.

According to talkSPORT, United and Arsenal are monitoring Vietto's situation at Vicente Calderon. The Argentine Under-20 international has fallen out of favour with Diego Simeone as he has seen his first team appearances being limited with the Champions League finalist.

Atletico are open to the idea of sanctioning Vietto's sale in the summer transfer window, if the interested club can pay the fee they paid Villarreal a year ago. Both the Gunners and the Red Devils are looking for a striker in the transfer market.

Leicester City star Jamie Vardy was a priority target for Arsenal after the north London club triggered his release clause. However, Arsene Wenger has now accepted defeat in his side's efforts to sign the England international as the Frenchman believes Vardy will continue at the King Power Stadium.

New United manager Jose Mourinho has made signing Zlatan Ibrahimovic his priority. The Portuguese tactician has identified Vietto as the alternative, if the free agent striker decides against making a switch to Old Trafford.

Both United and Arsenal will face competition from several clubs across Europe in signing the Atletico striker. Vietto has set his sights on playing for Barcelona, alongside his compatriot Lionel Messi.

"Yes, I'd love to play with him [Messi]. Who would not? But I know nothing about Barcelona, only what I have seen on social networks and in the media. After finishing my holidays I'll make a decision," Vietto told Spanish publication Mundo Deportivo.

Meanwhile, his agent Jorge Cyterszpiler confirmed interest from 15 clubs, which include Spanish and Italian clubs.

"There are about 15 clubs interested in him: Barcelona, Valencia, Sevilla, Villarreal, AC Milan, Inter, Roma, Lazio... I spoke with Lazio and they are a great club, but the competition is high," another report from Mundo Deportivo quoted Cyterszpiler as saying.