Chelsea and Liverpool have been warned they require a bid of £12m to sign Wigan Athletic's Victor Moses, according to The Mirror.
The 21 year old is expected to leave The Latics this summer, despite Roberto Martinez's side achieving Premier League survival last term.
Moses netted six goals for a stylish Wigan side last season, and his performances are understood to have attracted interest from both Chelsea and Liverpool.
Chelsea reportedly had a bid turned down for Moses in June; a move that Wigan chairman Dave Whelan was quick to rubbish.
"If he gets the move to Chelsea, will he get to play in the first team every week? That's what he needs at present - experience and guidance," he said.
"He's had nothing but that from Roberto over the years, and how the lad can even consider he won't sign an extension, after what we've done for him, just frustrates you. It makes you wonder whether it's all worth it."
The Blues claimed the Champions League and FA Cup last season under Roberto Di Matteo, who was rewarded with a two-year permanent deal at Stamford Bridge following his interim spell.
Both Marko Marin and Eden Hazard have joined the club this summer, and a move for a player in a similar mould, like Moses, appears unlikely with the club having already shelled out big money on the pair.
Liverpool are meanwhile reeling from a season which saw the club fail to qualify for the Champions League for a third successive season; a fate which saw manager Kenny Dalglish and director of football Damien Comolli removed at the end of the campaign.
Brendan Rodgers has since moved from Swansea City to Liverpool and is expected to evaluate his squad before making any decisions in the transfer window.
Joe Cole has already returned to Anfield following his loan spell at Lille in time for the resumption of the Premier League, while Dirk Kuyt has been allowed to leave for Turkish side Fenerbahce.
Owners Fenway Sports Group will be wary of handing major funds to Rodgers, after the club, albeit not under the Northern Irishman's control, spent hastily last summer, with new recruits Stewart Downing, Jordan Henderson and Charlie Adam all failing to sparkle during their opening season on Merseyside.