White Hart Lane and Anfield clubs want top striker.
Tottenham Hotspur and Liverpool will battle for the signature of Lille striker Moussa Sow in January.
The 25-year-old has been watched several times by both clubs and will test the Ligue 1 champions resolve to keep their hot-shot forward with a £12million bid.
The Senegalese striker finished top scorer in the French league last season with 25 goals helping his side to win the title.
Reds boss Kenny Dalglish is keen for another striker to compete with Luis Suarez and Andy Carroll after selling David N’Gog to Bolton last summer.
Director of football Damien Comolli is in close contact with Lille and hopes sending Joe Cole on-loan to the French champions has helped build a good rapport between the clubs.
But Spurs do now want to miss out on another attacking target with manager Harry Redknapp growing increasingly frustrated with all his bids being rejected.
The Tottenham boss was able to bring Emmanuel Adebayor on-loan from Man City but a permanent deal is unlikely due to his high wage demands.
Redknapp is willing to trade Roman Pavlyuchenko to get Sow, or will sell the Russian to generate enough cash to buy him outright.