Liverpool have opened talks with Arsenal over a deal for midfielder Alex Oxlade-Chamberlain.
Chelsea appeared to have moved ahead in the race to sign the England international after reportedly having a bid of £40million accepted.
However, Liverpool have been monitoring the situation of the 24-year-old, who is in the final year of his contract, for several months and are now 1/5 to get their man after they made their move to start negotiations on Wednesday morning.
It is understood Oxlade-Chamberlain never got to the point of discussing personal terms at Stamford Bridge as his preferred destination is Anfield and he was holding out for the Reds to make their move.
Chelsea are out to 8/1 now, having been odds-on overnight. It's 4/1 for the player to stay at Arsenal.
