Arsenal and Liverpool are both interested in the signing of Olympiakos striker Konstantinos Mitroglou, reports talkSPORT.
Mitroglou, who has been in sensational form so far this season, is also wanted by a number of European clubs.
Sources in Greece have suggested as many as six clubs are ready to make a move for the forward, with the likes of Borussia Dortmund, Inter Milan, Genoa and Benfica joining Arsenal and Liverpool in the race for the 25-year-old's signature.
The striker, who has scored 17 times in 14 league and European matches this season, is rated at around £7 million.
Arsenal and Liverpool will both be desperate to land the striker as they look to further improve their forward options.
The Gunners are currently light up top, with Nicklas Bendtner the only real threat to Olivier Giroud in Arsenal's attack.
Meanwhile, Liverpool have the combination of Luis Suarez and Daniel Sturridge, however Brendan Rodgers may look at Mitroglou as a back up option, should one of the duo get injured.