Liverpool’s loan move for German left-back Diego Contento hinges on Arsenal's ability to complete a transfer for Bayern Munich teammate Luiz Gustavo, the Daily Express reports.
According to reports in Germany Contento could still leave Munich this summer but only if Gustavo does not also leave.
Contento has been linked with a move to Liverpool, with Werder Bremen and Hertha Berlin also known to be interested, while Gustavo has attracted the interest of Chelsea, Wolfsburg and Napoli in addition to Arsenal.
But according to Bild, Karl-Heinz Rummenigge is only willing to sanction the departure of either Contento or Gustavo.
Rummenigge said: "We will only let one player leave."
Earlier today it was revealed Arsenal have tabled a £17.2m bid for Gustavo, and if that is successful, it would scupper any hopes Liverpool have of bringing Contento to Anfield to fill their problematic vacancy at left-back.