Liverpool and Arsenal are in contact with Real Madrid striker Karim Benzema.

Don Balon says Liverpool and the Gunners are both vying for his services.

Real president Florentino Perez is willing to cash in on the 29-year-old after a series of uninspiring displays this term.

However, he's still demanding top price for the Frenchman in the region of €65 million.

It's suggested AC Milan, Inter Milan and Paris St-Germain have also put proposals forward.