A myriad of names have been mentioned as alternatives for Juve, including Alvaro Morata and Duvan Zapata.
Those two are considered too expensive, while another option, Edin Dzeko, is likely to stay at Roma.
Juventus like Wolves striker Raul Jimenez, who is managed by Jorge Mendes, a friendly associate of the Old Lady.
But Jimenez’s outstanding season in England means his price has skyrocketed and is out of reach for Juve right now.
The feeling in Turin now is that Arsenal marksman Lacazette would be the best value for money if Milik doesn’t arrive.
Lacazette, 29, has scored 48 goals in 127 appearances since joining Arsenal from Lyon in 2017.
Arsenal could let the French international go for the right price and Juventus have him in mind.