The Italian central defender will soon sign a new contract with the Serie B outfit to get clearance to depart the club during 2012
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Torino have set an asking price of €20 million (£17m) for centre-back Angelo Ogbonna, La Stampa reports.
The 23-year-old stopper has long been linked with a move away from the Serie B side, with AC Milan and Juventus both credited with an interest in the player.
Ogbonna's agent, Giovanni Branchini, will reportedly meet with Torino officials in the next few days with a view to extending the defender's contract until 2016.
In addition to an improved salary, it is believed that Torino will allow Ogbonna to leave during the summer of 2012.
Milan are reportedly in pole position to land the Italy Under-21 international, and while Ogbonna has a €20m (£17m) price-tag around his neck, it is undestood the Serie B club will settle for €16m (£14m).