Three bikies accused of extortion and drug crimes have been arrested in dawn raids on the Gold Coast.

Police carried out simultaneous raids at Varsity Lakes early on Monday, arresting two patched members of the Hells Angels and a third man with links to the outlaw bikie gang.

The operation was aimed at the criminal activities of the gang’s Gold Coast chapter, including extortion and the supply of dangerous drugs.

Police will reveal more details at a press conference later in the day.