Liverpool could miss out to Arsenal for Leicester striker Jamie Vardy after the Reds were unable to trigger the England star's release clause.
The Gunners are in talks to sign the Premier League champions' leading scorer after they submitted a £20million bid which activated a release clause in his current Foxes deal.
Jurgen Klopp's side are also interested in signing the 29-year-old and have offered him a bumper £140,000-a-week, but the release clause is only available to Champions League clubs.
That puts the Premier League runners-up in pole position to land Vardy, who is currently being paid £60,000 a week.
Arsene Wenger was at England's friendly with Portugal on Thursday evening and saw Vardy start up front for the Three Lions.
It is believed that the date of June 3 is significant to the release clause, and would mean Arsenal need to rush to get it done in the next few days.
Roy Hodgson has made it clear he does not want any of his side undergoing medicals or entering transfer discussions once the side has left for France.
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