Arsenal legend Thierry Henry is reported to have rejected the advances of Liverpool to return to his former club.
The Daily Express understands that Kenny Dalglish made an enquiry over the former French international hitman, with the Reds hoping to bring the player to Anfield on a short-term deal.
However, the 34-year-old could not resist the opportunity to work under Arsene Wenger once again in north London, and could return to action for the Gunners as soon as Monday in the FA Cup.
Liverpool have been linked with a handful of strikers recently, with Nikica Jelavic, Darren Bent and Rory Donnelly all linked with moves to Merseyside in recent weeks.
With Andy Carroll short of form and Luis Suarez serving an eight-match ban, forward options are currently limited at Liverpool, with Dirk Kuyt and Craig Bellamy the only other senior strikers on the books for 'King Kenny'.
Landing Henry on a two-month deal would have been a huge coup for the club, given his track record in the Barclays Premier League, but Liverpool will have to look elsewhere if they wish to strengthen in the next three-and-a-half weeks.
As for Arsenal, their manager, players and supporters are all delighted to welcome Henry back to the fold, with the club-record goalscorer eager to make his impact once again for the club.
Henry first joined the club in 1999, and after eight years at Highbury left for Spanish giants Barcelona.
But, after moving to the MLS in 2010, an opportunity arose for Arsenal to bring the forward back to the club during the American off-season, which has now come to fruition in the capital.
With Gervinho heading for the African Cup of Nations and Park Chu-Young short of form, Wenger will be delighted to take the burden of expectation off club captain Robin Van Persie's shoulders for now, and will be hoping Henry can have an instant impact - much like his statue - for Arsenal.