Liverpool and Arsenal will be shocked by the news that Thomas Lemar has reportedly agreed personal terms with Atletico Madrid.

A report in the Spanish outlet Cadena Ser suggests that Lemar has already held talks with Atletico and agreed to his contract terms.

Now it will be a matter of Atletico negotiating a fee with Monaco to ensure they sign the French international this summer.

Lemar has been a long term target for Arsenal and Liverpool, but neither could agree a fee with Monaco.

Now they could have fallen down the pecking order in the race for his signature.

It will also be interesting to see whether Lemar ends up joining his French teammate Antoine Griezmann at Atletico, with the French striker's future a doubt amidst links to Barcelona and Manchester United.