Reds aim to beat Gunners to South American youngster.
Liverpool are reportedly lining up a double raid on Porto this January, with a move to sign Arsenal target Juan Quintero as part of the deal, according to CaughtOffside.
The Reds also want to sign young right-back Danilo, who was linked with Real Madrid in the summer, as Brendan Rodgers hopes to bring these two exciting prospects in for a bargain £22m.
Liverpool spent heavily on new players during the summer, signing big names such as Mario Balotelli, Alberto Moreno and Adam Lallana.
However, the squad at Anfield still looks in need of strengthening after a shaky start to the season, and these two players could certainly add something to the team in their quest to challenge for the Premier League title.