Arsenal and Liverpool face a major fight to sign Spanish starlet Paco Alcacer from Valencia reports the Daily Mirror.
The 18-year-old forward is widely regarded as one of the brightest prospects in La Liga - and has excelled for Los Che as he looks to fill the void left by the summer departure of Juan Mata.
Mata of course left the Estadio Mestalla in favour of a move to the Barclays Premier League with Chelsea, and Alcacer could follow his former teammate to England amid interest from Arsenal and Liverpool.
Reds boss Kenny Dalglish is constantly on the lookout for new and exciting young players under the guidance of Anfield director of football Damien Comolli - and has been monitoring the teenage striker with a view to a potential move to Merseyside.
Gunners boss Arsene Wenger is also a known admirer of up-and-coming stars of the future, as he looks to further strengthen his Emirates Stadium squad, and could challenge Liverpool for Alcacer's signature when the transfer window reopens in January.
Having also attracted interest from Barcelona and Bundesliga giants Bayern Munich, Valencia president Manuel Llorente has opened negotiations with the player's representatives over a new long-term contract, in a bid to ward off unwanted interest in Alcacer.
But with a reported buy-out clause of £8million in his existing deal, Liverpool and Arsenal are likely to step up their interest at the turn of the year, if no new deal has been reached.