Arsenal and Liverpool target Antonio Candreva looks set to leave Lazio this summer after the Serie 'A' club stalled over offering the midfielder a new contract.
TalkSPORT reports that the Italy international is demanding a 100 per cent pay rise to his current agreement which sees him earn around £1 million per season, believing that his contribution to the first-team is worthy of a double money deal.
Candreva enjoyed by far his most prolific season in Italy in 2013/14, netting 12 league goals and offering numerous assists, but Lazio bosses are still opposed to meeting the player's demands.
Gunners boss Arsene Wenger has been credited with an interest in bringing the 27-year-old winger to the Emirates Stadium despite his wealth of attacking options currently available to him in north London.
Arsenal have already completed the high-profile capture of Chilean star Alexis Sanchez from Barcelona, but could be open to adding Candreva as well, after it emerged he could be available for as little as £7 million.
Liverpool are also believed to be monitoring the player's situation closely at Stadio Olimpico with Brendan Rodgers still on the lookout for reinforcements at Anfield.
The Merseyside club have already added eight new players over the summer, but still have plenty of money available following the £75 million sale of star striker Luis Suarez to Barcelona.
Candreva could represent a rare value-for-money acquisition for the Reds, with the club also keen to add experience as they prepare for a return to the Champions League this season.
The Italian, who featured for his country at the World Cup in Brazil this summer - and set up Mario Balotelli's goal against England in the group stages - certainly boasts top level experience, and would be a smart signing for either of his Premier League suitors.
The only potential sticking point could be Candreva's wage demands, which looks like being the reason behind his expected departure from Lazio before the transfer deadline on September 1.
His determination to be paid closer to what veteran German striker Miroslav Klose is earning in Rome appears to have rubbed senior officials at the club up the wrong way. And, with new head coach Stefano Pioli seemingly happy to plan for life without the wide-man in his squad, a cut-price exit could be imminent.