Ajax will decide whether or not to sell Arsenal and Liverpool target Jan Vertonghen depending on how they fare in the UEFA Champions League group stage reports talkSPORT.
The 24-year-old defender has attracted plenty of interest from the Barclays Premier League, after continuing to impress in Holland with the Eredivisie outfit.
Gunners boss Arsene Wenger had been heavily linked with a move for the talented Belgian, as he looked to strengthen his defensive ranks at the Emirates Stadium over the summer.
The fact that Vertonghen's compatriot and former Ajax teammate Thomas Vermaelen is already an established member of the first-team squad, it was widely anticipated that the player would favour a move to Arsenal over anywhere else in England.
However, after the Gunners signed Per Mertesacker on transfer deadline day, it was Liverpool boss Kenny Dalglish who became the most likely manager to negotiate a deal that would see Vertonghen move to to Anfield.
The Reds are expected to renew their interest in the player, despite strengthening themselves with the addition of Sebastian Coates prior to the close of the window.
But any prospective move for Vertonghen, be it to Liverpool or Arsenal, will only get the go-ahead if Ajax are eliminated from Europe's top-tier competition.
The Dutch side will hope to hang onto him at least until the summer, but failure to reach the knock-out stages could push through a move in January, leaving both club's fighting for his signature.