Serie A giants Juventus are keeping tabs on Robin van Persie and Luis Suarez, according to talkSPORT.
The Italian champions are understood to be seeking a marque signing for the new season, with the club set to return to the Champions League after a three-year absence.
And both Van Persie and Suarez are reportedly on their wish list, along with Chelsea's Fernando Torres and Manchester City's Edin Dzeko.
The Old Lady are lining up a potential swap deal involving Serbian winger Milos Krasic and Suarez, with a £14.5m fee going the way of Liverpool.
The Anfield club are unlikely to part ways with their prized asset, despite a season of controversies on and off the pitch which significantly damaged the club's image.
The Uruguayan was banned for eight games by the Football Association for racially abusing Manchester United's Patrice Evra in October last year.
The incident further swelled rivalry between the two clubs, culminating in a bad tempered affair in the return game at Old Trafford, which saw Suarez refuse to the shake the hand of Evra.
The club were forced to apologise for the behaviour of Suarez, drawing a line under a public relations disaster for Liverpool, which had seen them defend their striker from the outset of the allegations.
Owners Fenway Sports Group were left embarrassed following the episode, and coupled with The Reds' disappointing form on the pitch, dismissed both Damien Comolli and Kenny Dalglish following the climax of the campaign.
Arsenal meanwhile are fighting to keep Van Persie, with the Dutchman yet to pen an extension to his contract, with just a year remaining on his current deal.
Van Persie won numerous awards on his way to scoring 30 Premier League goals last season, helping to ensure The Gunners qualify for the Champions League.
However, despite the signing of Lukas Podolski and the impending addition of Olivier Giroud, Van Persie is still to commit his future to Arsenal, with the domestic season just seven weeks away.
The Emirates Stadium club are also looking to show ambition in recruiting midfielder Yann M'Vila for the new season, alongside the returning Jack Wilshere and Abou Diaby.