Manchester United are preparing a £30m bid for Cesc Fabregas in the summer, according to the Metro.
The Red Devils had three bids rejected by Barcelona for the midfielder last summer but have been alerted of his availability in the upcoming window, with the Catalans looking to revamp their squad after a tepid few seasons in Europe.
Fabregas failed to live up to expectations under former manager Tata Martino and has been given the permission to leave the club, having joined from Arsenal in 2011.
Louis van Gaal is a great admirer of the player and has given United go ahead to sign the player with plans to structure the team around him next season.
However, they are likely to face competition from Arsenal, who have a buy-back clause installed in his contract and would be more than happy to reunite with their former captain, who had deserted them ahead of a disastrous campaign three years back.
The failures are now a thing of the past for Arsene Wenger who is revelling on the back of an FA Cup win this season and has been handed a handsome bounty to strengthen his squad for a title challenge next season.
The Frenchman, who is still in touch with Fabregas, may move for the Spaniard should he be deemed available and increase the creativity in his side, which already hosts the likes of Jack Wilshere, Aaron Ramsey, Mesut Ozil and Santi Cazorla.
However, the Gunners have pressing concerns in other areas of the field which need urgent attention. Arsenal need a striker to add cover for Olivier Giroud, who has cut a lonely figure at times this season.
The north London club are also in the market for a defensive midfielder to replace Mikel Arteta, who has been found for pace against the big teams away from home.
Wenger has reportedly been handed a £100m transfer budget to spend on new recruits this summer and Fabregas' availability will force Wenger to prioritise his transfer dealings in the upcoming transfer window.