Manchester City and Manchester United are prepared to battle it out for the signature of Gunners forward Robin van Persie, according to the Daily Mirror.
Van Persie held contract talks with Arsenal boss Arsene Wenger and club chief executive Ivan Gazidis on Wednesday, but City and United are ready to swoop with matching £25m offers should the Dutchman decide to move on.
The Premier League's top scorer is believed to have become frustrated with a lack of trophies, and is thought to be considering his future at the Emirates Stadium.
Serie 'A' champions Juventus were strongly linked with Van Persie, but the Manchester clubs are believed to have moved into pole position, with City ready to break the bank with a £25m offer and a £250,000 a week contract.
Juventus could still tempt the striker, and have prepared a £25m bid and a £180,000 a week contract of their own. The Italian club's director Beppe Marotta is thought to have met van Persie's representatives to discuss a deal, but the Dutchman is believed to be keen to stay in England.
The Gunners frontman, who scored 37 goals in a remarkable season, has been integral to Arsenal's mid-season resurgence. However, he only has one year remaining on his Gunners contract and it would be a bitter blow were he to leave the north London club.
Arsenal have sought to reassure their top players that the club retains title ambitions and the Gunners have already clinched the signing of Lukas Podolski from Cologne.