Aston Villa might have the option to sign Phillipe Coutinho, but they could face competition from another Premier League side.
The Brazilian has been in fine form since joining Steven Gerrard's side on loan from Barcelona in January, scoring four goals and registering three assists.
Villa are understood to have a €40m (£33m) option to sign the 29-year-old on a permanent transfer come the end of the season.
Spanish publication Sport have reported that Arsenal have 'expressed an interest' in buying Coutinho during the summer transfer window.