Liverpool have suffered a setback in their long-term pursuit of Borussia Dortmund star Jude Bellingham. Although they have long been seen as front-runners to acquire the 19-year-old's services, the finances involved in a potential deal look set to price Jurgen Klopp's side out of the race.
However, the Reds remain in the market for a high-quality midfielder to rejuvenate their options in the middle of the park. Given Liverpool's need to look elsewhere, this could come as a significant blow to Arsenal who are also looking to add to their midfield offerings next season.
The Gunners have been heavily linked with a move for Sergej Milinkovic-Savic, who has impressed for Lazio this campaign. The 28-year-old has featured 25 times for the Italians in Serie A this season, directly contributing 12 goals from midfield, leading to many of Europe's biggest clubs registering their interest in the Serbia international.