Southampton have turned down offers from Liverpool and Arsenal for Alex Oxlade-Chamberlain.

The Daily Mail says the 17-year-old is one of the hottest properties of this transfer window and is rated at £10million by the Saints.

Both Barclays Premier League sides are prepared to pay an initial payment of around £5million - but the Saints want as much up-front as possible.

Liverpool and Arsenal are also still trying agree a pay structure for the prospective add-ons.

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