The 21-year-old is one of the best wingers in the Dutch top-flight. He registered 14 goals and 14 assists for PSV last term.

His progress has caught the eye of the Gunners and Reds and they could be prepared to battle it out for his signature this summer.

Belgian outlet Het Belang van Limburg claim that the duo have made an approach and he could be available for around €50m.

Bakayoko is currently undecided over his future and he will make a final decision following the European Championship in Germany.

Bayern Munich are also admirers of the highly-rated attacker, but the Premier League duo could have the upper hand in the pursuit.

The youngster was tempted to move to the Premier League last summer, but decided to stay at PSV in the search for more high-profile bids.

Bakayoko turned down interest from Burnley and Brentford .

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