Liverpool and Arsenal will need to spend at £90 million to land Thomas Lemar from Monaco, according to The Mirror.
Lemar turned down a £90m move to Arsenal on deadline day in August, and Monaco are set to begin the bidding for the 22-year-old's services at that figure.
Monaco are open to selling Lemar in January, as the French side side are out of the Champions League and far off Paris Saint-Germain in Ligue 1.
Arsenal have joined Liverpool and Man City in the chase for Boca Juniors forward Cristian Pavon, reports the Daily Mail.