Real Sociedad star Martin Zubimendi remains a prime target for Liverpool.
However, TEAMtalk says Arsenal are willing to battle the Reds for the Spaniard's signature.
Liverpool are readying a second bid for Zubimendi, as the club hopes to finalize the deal during the winter transfer window.
Meanwhile, Arsenal may attempt to hijack the deal to bolster Mikel Arteta's squad.
The 25-year-old has a £51 million release clause in his current deal that runs until the summer of 2027.
He has made a total of 205 competitive appearances for the Basque club since his promotion to the first team in 2020.