Petagna, 22, is claimed to be attracting interest from the Premier League duo.
It is claimed a fee of just £9 million could tempt Atalanta to sell.
Petagna has one international cap for Italy and has featured for his country at all youth levels.
Last season Petagna scored six goals and provided seven assists.
He is currently under contract to Atalanta until 2020.
Petagna is a physical striker with good hold up play and is built to stand up to the transition to English football.
Have something to tell us about this article?