Liverpool are ready to offer Raheem Sterling to Arsenal but only if the Gunners offer striker Theo Walcott and defender Kieran Gibbs as part of the deal.
ESPN reports that the Reds would be more than happy to sell one of their best players to Arsenal but only if boss Arsene Wenger offers the two Englishman as part of the deal.
Gibbs, 25, lost his regular position after the arrival of Nacho Monreal from Malaga with the Frenchman ready to let him go but it is reported that he is reluctant to sell Theo Walcott who is expected to lead the Arsenal offensive department next season.
The 26-year-old scored the first goal for Arsenal in their easy 4-0 win at Wembley last week and is determined to stay at the Emirates to fight for the title next season.
"The Premier League has to be the next target for us," Walcott said.
"That's two FA Cup wins now but this is one of the best squads we have had at Arsenal so we should be achieving more. We need to start well in the Premier League next year."
