Arsenal are preparing to renew their interest in Pepe Reina by launching a £5 million offer in Liverpool's direction, reports Metro.
The Spanish goalkeeper was the subject of a £20 million bid from Arsenal in the summer of 2010, but Liverpool rejected it out of hand as they pursued a return to the top of the Premier League.
Brendan Rodgers nearly accomplished the feat last season, narrowly missing out on the title to Manchester City, but Reina had no role to play in that campaign. Instead Reina had been cast aside by Rodgers and spent the season on loan to Napoli.
Reina, 31, impressed under Rafa Benitez in the south of Italy but the manager recently confirmed that Napoli do not have the funds to bring the goalkeeper in on a permanent basis.
With a basic wage of £90,000-a-week, it is no surprise Napoli have been forced to reject the chance to sign him, and that has opened the door for Arsene Wenger to move.
Wenger is in dire need of a new goalkeeper after seeing Lukasz Fabianski and Emiliano Viviano leave the club in quick succession. Wojciech Szczesny is now the only recognised goalkeeper in the Arsenal squad and Reina is seen as the perfect competition to help drive the Pole towards his potential.
Arsenal will tempt Liverpool into a sale with a £5 million offer and Liverpool would be hard pressed to reject. Reina, who has one-year left on his contract, is allowed to buy out the remainder of his contract for £4.5 million.
The Gunners could always promise to reimburse Reina once he has bought out the contract, leaving Rodgers a choice - make £500,000 by accepting Arsenal's bid, or wait for Reina to buy himself out of the contract.
Rodgers has said in the past that he wants to sell Reina on a permanent basis but has yet to find a club willing to take him. Wages are probably this biggest sticking point with regards to a move and it is likely Reina would have to accept a significant pay cut to join Arsenal.
However, Wenger would be able offer Reina the chance to revitalise his career at the Emirates Stadium with healthy competition between him and Szczesny likely to encourage both to improve.