Arsenal or Liverpool could sign Hamburg midfielder for £18m

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Liverpool and Arsenal target Hakan Calhanoglu could leave Hamburg in an £18million deal this summer, if Mirko Slomka's side are relegated from the Bundesliga this season.

TalkSPORT reports how the 20-year-old midfielder has attracted admiring glances from a number of Premier League clubs, following a series of impressive performances at the Imtech Arena in 2013/14.

Gunners boss Arsene Wenger has held a long-term interest in the Turkey international, and is understood to be keen to bring him to the Emirates Stadium during the summer.

However, Arsenal will face competition for Calhanoglu's signature from Liverpool, as Brendan Rodgers continues to monitor the situation closely, with a view to making a rival bid to lure the playmaker to Anfield.

Calhanoglu only joined Hamburg from Karlsruher last summer, and signed a long-term contract with the German club which runs until 2018.

But, with the need to raise funds if they drop into the second tier, the youngster - who has scored eight goals in 24 Bundesliga appearances this season - could be sold to help balance the books, and provide some funds to help Hamburg challenge for promotion back to the top-flight next year.

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