The Daily Mail reports that Chelsea are leading the race for the 17-year-old, who is also reportedly being tracked by the likes of Inter Milan, Bayern Munich, Liverpool and Manchester United.
Inter Milan have reportedly already had a £15million bid for Ocampos rejected by River Plate.
Ocampos has been compared with Real Madrid superstar Cristiano Ronaldo and the youngster has admitted he tried to ‘imitate’ the Portuguese winger.
He said: “Everybody wants to be like Messi, but Ronaldo is the one I like. I try to imitate him.”