Arsenal are willing to offer Liverpool Theo Walcott plus cash in exchange for Raheem Sterling according to the Daily Mail.
Walcott is in the last year of his contract at Arsenal and so far talks haven't led anywhere, and the Gunners could be willing to offload him in order to land Sterling, who has reportedly told Liverpool that he wants to leave this summer.
Despite being under contract at Liverpool until 2017, Sterling's agent revealed this week that his client is so unhappy he wouldn't even sign a contract worth £900,000-per-week - and that has prompted a host of clubs to take a look at his situation.
While Manchester City are believed to be the most keen Liverpool are reluctant to sell, however a batch of reports in the Sunday papers claim that they may soften their stance if an offer worth £60 million is made.
According to the Mail, Arsenal are willing to make an offer up to that amount by including Walcott as part of the package, and the Gunners may hold an advantage. The paper adds that Sterling wants to return to London and his friends and family live near Arsenal's training ground which could convince him to snub a move to City.
Arsenal are looking to spend big in the summer in order to push on for the title next season, and are willing to splash the cash in order to get the deal done early. The Mail say they will have no problem offering Sterling wages in the region of £130,000-per-week - £30,000 more than the deal he has already turned down from Liverpool.
Walcott would prefer to remain with Arsenal and did his chances of doing just that no harm whatsoever with a fine hat-trick in their last game of the season against West Brom, which is currently 4-1 with around 10 minutes remaining.
Sterling meanwhile started Liverpool's final match against Stoke on the bench. Brendan Rodgers' side are currently 5-1 down.