Arsenal and Liverpool are still attempting to sign Borussia Dortmund winger Marco Reus before the summer transfer window closes on Monday. The Bundesliga club, however, have no intention of selling the Germany international and have offered him a lucrative new contract to stay at Signal Iduna Park.
Reus has so far refused to sign a contract extension with the 2013 Champions League finalists, offering both Arsenal and Liverpool hope of bringing him to the Premier League either before Monday's transfer deadline passes or in January, according to the Metro.
However, the Premier League duo face stiff competition from European champions Real Madrid, who have money to spend following the £60 million sale of Angel di Maria to Manchester United.
Man United no longer interested?
The Red Devils have also been strongly linked with Reus this summer, but Louis van Gaal's interest in the 25-year-old may have cooled following the acquisition of Argentina international Di Maria, who became the most expensive footballer in British football history earlier this week.
Arsenal reportedly held secret talks with Reus in London last week to discuss a potential move to the Emirates Stadium - and they received positive feedback from the player.
The Gunners would need to pay at least £28 million to lure Reus away from Borussia Dortmund before a £19.8 million release clause in his contract becomes active next summer.
But Liverpool remain intent on bolstering their squad with top-class talent ahead of their return to the Champions League.
The Reds completed the signing of Italy international Mario Balotelli, for £16 million, last week - but manager Brendan Rodgers knows the former AC Milan and Manchester City star represents something of a risk.
Reus, on the other hand, is guaranteed to cause the Liverpool boss far fewer problems.
Reus: One of the Bundesliga's best players
This is a player who is widely regarded as one of the Bundesliga's best players, having performed consistently well over the past three seasons.
He excelled in his final season with Borussia Mönchengladbach, scoring 21 goals in 37 appearances, before cementing his reputation as a first-class winger at Borussia Dortmund.
However, Real Madrid may have the edge over both Arsenal and Liverpool in the race for the German winger.
Dortmund still owe Real Madrid cash from the deal to sign Nuri Sahin deal - and there are suggestions that Los Blancos could subsequently land Reus in a cut-price deal.