The Viola are keen to fend of interest from some of Europe’s biggest clubs in the 19-year-old.
Tuttosport says the Viola is ready to offer Jovetic a one-year extension to his current contract that expires in 2013.
Fiorentina will also put in a buyout clause of over €25million.
Juventus and Manchester United have both been linked with a move for the yuoungster.