Gunners & Reds in competition for prolific forward.
Borussia Dortmund have told Arsenal, Liverpool and other top clubs that they will have to pay £30m to sign Pierre-Emerick Aubameyang this summer, according to Fichajes.net.
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The 25-year-old has been in fine form this season, and looks back to his best after a slow start at Dortmund last year after initially impressing in Ligue 1 with Saint-Etienne.
Both Arsenal and Liverpool have been linked with the Gabon international in the past, but they now face paying a big-money fee to sign him up this summer.
Still, the versatile winger-striker looks a good addition for either side if they get him, with 15 goals and 6 assists from a variety of attacking positions this season.