Atletico Madrid youngster Javier Manquillo rejected the chance to join Arsenal after Mathieu Debuchy completed his move to the Emirates Stadium, reports The Daily Star.
Debuchy was signed by Arsene Wenger for a reported fee of £12 million after impressing the Arsenal boss at the World Cup. Upon the 29-year-old's arrival, widespread reports claimed Manquillo would soon follow.
However, Manquillo's prospective move to Arsenal hit an impasse after Debuchy joined as the 20-year-old thought his playing time would be limited by the added competition. The right-back is now on the verge of completing a loan deal to Liverpool instead.
The rejection was not a huge blow to Wenger's plans. Arsenal went on to sign Calum Chambers from Southampton in a £16 million deal and he will act as backup for both Debuchy and the centre-back positions.
Manquillo's hesitation to join Arsenal allowed Brendan Rodgers to sweep in and offer the youngster a place in his Liverpool squad. Rodgers currently has Glen Johnson at his disposal but there are serious concerns over his form and fitness with many expecting him to depart in the near future.
Jon Flanagan emerged as a genuine first-team option last season, but the Liverpool youth product represents less of a challenge to compete with than France international Debuchy.
Rodgers was clearly able to offer Manquillo a more senior role in the Liverpool squad as the Reds look to challenge for four major trophies next season. He convinced the player to rejected late offers from Getafe, Rayo Vallecano and Marseille as well.
Manquillo will move to Liverpool on a season-long loan deal, according to the same report, with Liverpool retaining the right to buy him permanently for £5 million at the end of the season.
Alexis Sanchez revenge
The deal for Manquillo will go some way to healing the wounds inflicted on Liverpool fans after Alexis Sanchez turned down the club to join Arsenal instead. Liverpool had hoped to involve the Chilean in a swap deal, but the Gunners proved more alluring.
Obviously Sanchez represents a much more substantial player than Manquillo but there is no reason to doubt that the Spaniard will be success at Anfield.
Manquillo will be Liverpool's eighth summer signings and Alberto Moreno is expected to sign shortly afterwards to take Rodgers' spending above £100 million.