Liverpool have opened talks with Arsenal over a deal for Alex Oxlade-Chamberlain, Sky Sports News understands.
The Gunners had agreed to sell the England international to their London rivals Chelsea for a fee believed to be £35m.
But Sky Sports News understands the 24-year-old has turned down a move to Stamford Bridge because he favours a transfer to Liverpool ahead of Thursday's transfer deadline.
Oxlade-Chamberlain is out of contract at the end of the season and will see out the remaining 11 months of his Arsenal deal should a transfer to Anfield not get over the line for any reason.
Oxlade-Chamberlain, who is currently on duty with the England squad, has started all of Arsenal's games this season but recently rejected a new contract offer following a meeting with manager Arsene Wenger.
Source: Sky Sports
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