Premier League title rivals Arsenal and Liverpool appear to have been dealt a significant blow in their pursuit of Hamburg starlet Hakan Calhanoglu.
According to reports from Germany cited by talkSPORT, the player's current employers are set to offer the 19-year-old a lucrative new contract that could see his salary soar to £800,000-per-year and possibly as high as £1.2 million in total earnings after certain bonuses.
Turkish midfielder Calhanoglu joined the Bundesliga outfit from Karlsruher SC during the summer of 2012 and has made a superb impression during his short time at Imtech Arena and indeed during his loan spell back with his former side.
His surprisingly mature and exciting displays have seen him become the subject of rumours linking him with a switch to the English top-flight, with both leaders Arsenal and Brendan Rodgers' Liverpool - as well as Turkish giants Galatasaray - mentioned in relation to a possible move for a player affectionately dubbed 'the new Mesut Ozil' in some quarters.
Given Arsenal's imposing strength in the midfield area, it seems somewhat unlikely that such news will come as too much of a blow. Although, it could have been an exciting experiencing indeed for Gunners fans and Arsene Wenger to give the so-called 'new Ozil' the chance to work with the real deal at the Emirates Stadium.
Liverpool, meanwhile, are surely likely to be in the market for exciting attacking players during this current January transfer window with the club pushing for, at the very least, a return to Champions League competition next season.
Rodgers, who has done extremely well to keep Liverpool in title contention despite a spate of injuries in recent months, has a proven track record when it comes to developing young players and will presumably have many other options this month.