Arsenal have reportedly had a bid rebuffed for Liverpool target Mamadou Sakho.
The Paris Saint-Germain defender has caught the attention of several clubs in the Barclays Premier League - and on the continent - after a number of commanding displays in Ligue 1 this season.
According to France Football, Arsenal had an offer of €15 million rejected for the 21-year-old in March, while PSG are reportedly holding out for a fee closer to €20 million.
The Mirror reported last week that Liverpool were also monitoring the France international with great interest as they look to bring defensive reinforcements to Anfield in the summer.
However, it has been alleged that Liverpool will only move for Sakho should they lose out on Bolton centre-back Gary Cahill - who is also a target for Arsenal.
With Sport.co.uk suggesting Arsenal are unwilling to offer any more than the fee already tabled for Sakho, the Gunners are unlikely to pose a serious threat to Liverpool in the pursuit of Cahill after reports that Bolton will only sell for around £25 million.
Whether or not it is Sakho or Cahill, the acquisition of a new centre-back is thought to be high on the agenda for Arsene Wenger when the transfer window opens in June.