Arsenal have reportedly chosen to relinquish the opportunity to sign Loic Remy from Queens Park Rangers, thus making it a two-horse race between Liverpool and Tottenham Hotspur.
The Premier League trio were believed to be keen on signing the French international in the ongoing transfer window but the Daily Express states that the Gunners have opted out owing to the 27-year-old's wage demands.
Arsene Wenger is looking to sign a striker as cover for Olivier Giroud and reports claimed that the FA Cup holders have agreed to meet Remy's £8m release clause. The former Lyon starlet is thought to be favouring a move to the Emirates but the north London club are not willing to pay over the odds to acquire his services.
The striker is said to be demanding £80,000-a-week to join Arsenal while they are only willing to offer £50,000-a-week. Liverpool and Tottenham too have shown interest in signing Remy as their respecting managers Brendan Rodgers and Mauricio Pochettino are looking for attacking reinforcements.
The Reds have sold Luis Suarez to Barcelona and are also reportedly pursuing Swansea City's Wilfried Bony, who is valued at £20m. Meanwhile, the White Hart Lane club are also keen on signing a goal scorer as the former Southampton boss wants to guide his new employers to finish among the top four in the league next season.
However, the Merseyside club have an added advantage over Tottenham given that they can provide Remy the opportunity to play in the Champions League.
The Hoops' manager Harry Redknapp has already admitted that it will be surprising if the striker is among his roster at Loftus Road after September's deadline day.
"I think he really wants to play Champions League football next year somewhere. We gave him time off after the World Cup but I think he's really looking to move," the 67-year-old told talkSPORT.
"I would be surprised if he was at QPR at the start of the year. If he goes to the right team, he's capable of scoring 15 to 20 Premier League goals next season."
Signing Remy instead of Bony could be economical but it remains to be seen whether Liverpool are ready to meet his wage demands.