Arsenal are ready to make an offer for Sporting Lisbon midfielder Diego Capel.
O Jogo says Liverpool registered their interest in the player by launching a £3m bid, which was quickly dismissed.
Sporting are thought to be holding out for a deal worth closer to his £6m valuation.
Arsenal have been attracted to the Capel because of his attractive style of play and low price-tag.
The Gunner will now make a formal enquiry about his availability in the coming days.
