Liverpool, Manchester United and Tottenham are set to battle it out for the signature of Barcelona forward Alexis Sanchez, according to the Daily Express.
The Chilean is believed to have agreed personal terms with Juventus but the Turin-based club are yet to meet Barcelona's asking price, which has stalled the transfer.
The forward is rated at £20m and has been in brilliant form for his national team, scoring and assisting goals for fun in recent weeks.
His brilliance on the pitch has been noticed by clubs across the Premier League and the three clubs are looking to match his asking fee and bring him to England.
United are looking to go on a spending spree in the summer, with new manager Louis van Gaal wanting to rebuild their squad and has been handed a major transfer kitty to bring in reinforcements.
Meanwhile, Liverpool have taken the summer transfer window by storm and have been the only club in the top four to complete a deal thus far, having signed Rickie Lambert from Southampton.
They are close to securing a deal with Bayer Leverkusen for Emre Can and are chasing Sevilla left-back Alberto Moreno to alleviate their defensive woes.
Meanwhile, Tottenham, under new manager Mauricio Pochettino, are still analysing their squad and may make a move if he find the transfer viable.
Pochettino is expected to raid his former club Southampton for players like Jay Rodriguez and Adam Lallana, as he looks to propel Spurs into the Champions League.
Meanwhile, Steven Gerrard has praised Brendan Rodgers for his training methods, stating that his influence has taken the club forward by leaps and bounds.
"You have to give huge credit to the manager," Gerrard told LiverpoolFC.com.
"He came in, a young manager taking a huge job - and to have the impact he's had in such a short space of time is phenomenal really.
"I'm enjoying every minute working with him, he's a top manager, a top bloke; I'm skipping into work, enjoying training, and I think every player's the same.
"You can see it in our performances - everyone's expressing themselves, playing with confidence and belief. He takes the fear away from you as a player. You're not scared to make mistakes under him because you're playing the exact way he wants you to play.
"His first six months was obviously everyone getting used to him but as soon as the message got across to the team, I think we've carried it out really well over the last 18 months," he added.