Premier League pair on alert as club fear striker exit.
Arsenal and Liverpool are said to be monitoring the situation of Palermo striker Paulo Dybala ahead of the January transfer window, the Daily Mirror reports.
The Argentine wonderkid has been in superb form in Serie A this season, drawing comparisons with some world greats after showing himself to be one of the most promising young players in Europe.
Already valued at £30m, the 21-year-old has emerged as a top transfer target for Arsenal and Liverpool in recent times, and it now looks as though Palermo fear he could leave the club this January.
The Italian side will hope to tie him down to a new contract in the coming weeks in order to fight off interest from these two Premier League heavyweights, though it remains to be seen if they could be persuaded to sell the player for the right price.
Dybala joined Palermo in 2011 and the club want to extend his stay until 2018.