Liverpool are reported to be lining up a double swoop on Arsenal, with Alex Oxlade-Chamberlain and Wojciech Szczesny the targets.
Oxlade-Chamberlain has had another frustrating time with injuries and reports have suggested that Gunners boss Arsene Wenger will be willing to let him move on in the summer.
West Ham United have already been linked with a Â£15million swoop for the England international, but they could now face strong competition for his signature from the Reds.
Liverpool boss Jurgen Klopp is planning a squad overhaul in the summer and Oxlade-Chamberlain appears to be high on his wanted list, along with Szczesny.
The Gunners goalkeeper is currently on loan with Italian side AS Roma and has little chance of forcing his way ahead of Petr Cech and David Ospina in the pecking order at the Emirates Stadium.
Klopp is keen to find a replacement for Simon Mignolet and Szczesny, who has two years left on his contract with the Gunners, is a target.