Arsenal and Liverpool are leading the battle for the signing of Fiorentina midfielder Manuel Vargas, according to talkSPORT.
The Peru star, who can fill in at left-wing or left-back has long been attracting interest from the Barclays Premier League pair.
And now reports suggest he's been told he can leave the Serie A outfit, with Arsenal and Liverpool ready to snap him up.
Both clubs are in pursuit of a Champions League spot, and could look to improve on their squads in the January transfer window.
After a difficult start to the season, a run which has included one defeat in 14 games has propelled the club into the knock-out phase of the Champions League and back into contention domestically.
Liverpool's season has followed a slightly more inconsistent pattern, with the club having won four games on the road, but draw five of their home games, including all of their last four, the most of which came against Manchester City on Sunday.
Arsenal's search for a trophy, which they last won back in 2005, continues on Tuesday evening in the Carling Cup quarter-finals against City.
Meanwhile Liverpool, themselves without silverware since 2006, take on Chelsea in a repeat of the league fixture nine days ago, which saw Glen Johnson's late effort salvage the three points.