Liverpool are waiting to pounce for unsettled Arsenal midfielder Alex Oxlade-Chamberlain.

The Liverpool Echo says the Reds will have to pay around £25 million if they want to sign Oxlade-Chamberlain.

The Reds are monitoring the England international's situation with interest as his contract stand-off with the Gunners continues.

Oxlade-Chamberlain, who is out of contract in 2018, has been offered a new deal, but has no intention of accepting marginally enhanced terms of around £80,000 per week.

The 23-year-old has been weighing up his options since talks stalled, but looks increasingly likely to leave the Emirates in search of a new challenge.

Jurgen Klopp is an admirer of Oxlade-Chamberlain, whose pace, power and versatility appeals to the Liverpool boss. However, no approach is imminent with other targets currently viewed as being greater priorities.