Liverpool are being linked with a January move for Inter Milan defender Davide Santon.
The Italian international full back struggled to hold down a starting place at the San Siro, and could yet make a Barclays Premier League move despite the exit of Spanish boss Rafael Benitez.
Liverpool have been long-term admirers of the player, and the exit of Roy Hodgson is not thought to have had an impact on the Anfield club's interest in the player.
Director of Football strategy at Anfield, Damien Comolli, is thought to hold the cards with regards to transfers at Liverpool, and new boss Kenny Dalglish is thought to be keen on a new full back addition anyway.
Arsenal have also been linked with the player in the past, with Arsene Wenger keen to add another rising star to the Emirates ranks in north London.
The Gunners chief has a reputation for getting the best out of young talent, and Arsenal could challenge the likes of Chelsea, Real Madrid and the Reds for the player's signature.
“There is interest from the Premier League, which is fantastic because in my opinion it is the best league in the world. If a big club is interested in Davide, then I think this would be a good solution for him,” agent Renzo Contratto told Sport.co.uk.
“He must speak with the new coach Leonardo. They will talk and we are waiting for the next few games."
With Glen Johnson's future at Anfield still in doubt, Santon would represent an ideal all-round option for Liverpool, as the 19-year-old is capable of playing anywhere across the back line.
The club also have money to spend following the arrival of NESV as new owners, and Liverpool would be able to meet the asking price which is thought to be in the region of €10.5 million.
Arsenal also have money to spend following the announcement of bumper profits at the Emirates last year, and with their current need for a defender rising the Gunners could make a quick move for the player.
The pair could go head-to-head in an effort to bring the player to England, with both Liverpool and Arsenal keen to bolster their ranks in the remaining three weeks of the winter transfer window.