Alex Oxlade-Chamberlain has reportedly emerged as a January target for Liverpool.
The Reds are considering a move for the England international next month as Jurgen Klopp looks to provide an additional boost to his side’s title challenge.
Oxlade-Chamberlain has 18 months remaining on his current deal with the Gunners but has become frustrated with his inability to tie down a regular first-team place.
The 23-year-old could be made available for between £20 million and £25M, according to the Guardian.
But Liverpool will face a challenge in attempting to do business with Arsenal.
Three points currently separate the sides in the Premier League table while relations between Anfield and the Emirates Stadium remain incredibly strained.
The discord began in summer 2013 when Arsene Wenger attempted to trigger Luis Suarez’s release clause with an offer of £40 million plus £1.
That prompted Liverpool owner John W Henry to ridicule the Londoners’ bid by tweeting: ‘What do you think they’re smoking over there at Emirates?’