Manchester United are set to launch a bid for Valencia winger Joaquin, according to reports.
TalkSPORT suggests the Spain international - also a reported target for Liverpool - could be tempted to follow compatriot David Silva and leave Valencia for Manchester.
Sir Alex Ferguson is allegedly a keen admirer of the 29-year-old and has apparently identified him as the man to replace the injured Antonio Valencia at Manchester United.
However, the Manchester United boss will reportedly have to fight with Liverpool for his signature as Roy Hodgson looks to add more cutting edge to his side in January.
A transfer battle between Manchester United and Liverpool would make for fascinating viewing for the neutrals as each side looks to improve their respective squads.
Manchester United are thought to have earmarked Joaquin to add some depth to their attacking department in pursuit of the Premier League title, whilst Liverpool are desperately searching for more potency going forward as they attempt to break into the much coveted top four once more.
Ferguson is also reportedly attempting to bring Chilean youngster Alexis Sanchez and Villarreal striker Nilmar to Manchester United to bolster his frontline.
Meanwhile, West Ham striker Carlton Cole and Brazil legend Ronaldinho have both been linked with moves to Liverpool as Hodgson and Liverpool owners NESV step up their pursuit of more attacking options.
The Liverpool boss has admitted that his side rely too heavily on the goalscoring talents of Anfield hero Fernando Torres and, hence, is understood to have identified his attacking department as the most in need of reinforcement.
Hodgson is expected to be backed in the transfer market by NESV - with some reports suggesting the 63-year-old will have upwards of £25 million to use to bring fresh blood to Anfield.
However, whether Manchester United or Liverpool swoop for Joaquin remains to be seen, but it is sure to be an intriguing January for both clubs.
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