Al-Habsi has been a consistent performer for both Bolton and Wigan in the Premier League over the last six years, and was named the Latics player of the season in 2011.
Both Arsenal and Liverpool are believed to be on the lookout for a new goalkeeper in order to provide competition for their first choice shot-stoppers.
Arsenal currently have both Wojciech Szczesny and Vito Mannone battling for the No.1 jersey at the Emirates Stadium, however neither man has staked a convincing case for being the Gunners long-term first choice.
the north London club have reportedly highlighted three positions they need to improve in January following their worst start to a season in the Premier League era, one of which being a new goalkeeper.
Liverpool meanwhile have been reliant on Pepe Reina for some time, with only Bad Jones behind him, and the Spaniard has looked vulnerable at times this season while he only returned to action from injury in Liverpool’s 3-0 win over Wigan at Anfield on Saturday.
Al-Habsi, who could do little to stop any of Liverpool’s goals, has been earmarked by both Arsene Wenger and Brendan Rodgers as a potential new signing according to the Daily Mirror, although the 30-year-old himself insists he has no plans to leave the DW Stadium any time soon.
Wigan could demand up to £7 million for the Oman international, a sizeable fee but not one high enough to deter either Arsenal or Liverpool.
Rodgers has also reportedly been monitoring Swansea’s Michel Vorm, ahead of a potential move to take him to Merseyside in January.