Liverpool and Arsenal will go head to head in a battle to sign Paris Saint-Germain star Julian Draxler in the January transfer window.

The French club have alerted Premier League clubs that they are willing to sell at least one of their first-team squad when the window opens to help them comply with UEFA’s Financial Fair Play rules.

Having signed Brazilian superstar Neymar for a World record £198million and brought in Monaco’s Kylian Mbappe initially on loan, before handing over £166m next summer, PSG are under severe scrutiny from Europe’s ruling body.