Arsenal and Liverpool are locked in a three-way fight with Borussia Dortmund to sign Olympiacos striker Kostas Mitroglou, reports the Daily Star on Sunday.
The Greece international has made a scintillating start to the 2013/14 campaign, and has attracted a growing list of admirers.
With 14 goals in 14 games, the £7million-rated star has been heavily linked with a move away from the Karaiskakis Stadium, when the transfer window reopens in January.
Gunners boss Arsene Wenger has been credited with an interest in bringing Mitroglou to the Emirates, as he looks to ease the goalscoring burden on Olivier Giroud.
However, Arsenal will face stiff competition for the 25-year-old's signature, with Brendan Rodgers also keen on adding the player to his Anfield ranks at the turn of the year.
Luis Suarez and Daniel Sturridge have established a prolific partnership for Liverpool this season, but if either striker were to get injured, the Merseyside club's Premier League title hopes could diminish.
Jurgen Klopp completes the trio of top European managers monitoring Mitroglou's situation, though the Bundesliga giants might find difficulty in convincing the Olympiacos star to join them, after he endured a poor spell playing in Germany with Borussia Monchengladbach.