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The 18-year-old is currently with the Serie A side Udinese but is yet to make a first-team appearance for the Italian club.
The report from the Daily Star also states that the attacking midfielder started his career playing for Austrian semi-pro side Sydney Olympic.
He has spent a year at Italian side Brescia before two years at Watford between 2012 and 2014. He left Vicarage Road aged 16 and is now a part of Udinese’s Primavera squad.
Armenakas, was born in California but has represented both Greece and Australia at under-17 level.