Inter Milan are reportedly planning a bid for Arsenal winger Theo Walcott, who remains a transfer target for Liverpool.
The England international has less than 12 months remaining on his current contract at the Emirates Stadium and little progress has been made in negotiations about an extension.
New Liverpool boss Brendan Rodgers is keen to add the 23-year-old's pace to his squad and the Anfield club is expected to make a formal offer this week.
Reports in Italy suggest the Reds will face strong competition from Inter, who are in the market for a creative player.
Nerazzurri officials are attracted to Walcott because his contract situation means he could be available for a cut-price fee, and are said to be confident of beating Liverpool to his signature because Arsenal would prefer not to sell to another Premier League club.
Gunners boss Arsene Wenger has readymade replacements in the form of Alex Oxlade-Chamberlain and new signing Santi Cazorla.
However, he would prefer Walcott to sign a new deal and commit his future to the club, rather than risk losing him, together with Robin van Persie, who is wanted by Manchester United, and Barcelona target Alex Song, just before the transfer window closes.
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