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Liverpool and Arsenal are competing for Atalanta forward Ademola Lookman after PSG backed out. The Nigerian international has impressed in Serie A, scoring 17 goals and providing 10 assists last season. Atalanta has set a €50 million price tag as both Premier League clubs look to strengthen their squads.

Ademola Lookman has emerged as a top target in the transfer market, with Liverpool and Arsenal leading the chase for the Atalanta forward following a decline in interest from Paris Saint-Germain. The Nigerian international has showcased his talent in Serie A, scoring 17 goals and providing 10 assists last season.

Liverpool is keen to strengthen its attacking options under new manager Arne Slot, especially amid uncertainties regarding Mohamed Salah and Darwin Núñez. Arsenal, managed by Mikel Arteta, is also looking to bolster its squad depth, making Lookman an appealing choice. However, time is of the essence as both clubs compete for his services.

Atalanta has set a €50 million asking price for Lookman, who is eager for a move. The club is also exploring replacement options, with Fiorentina's Nico González emerging as a potential candidate. After overcoming challenges during his time at Everton and RB Leipzig, Lookman has become a pivotal player for Atalanta, contributing significantly to their historic Europa League victory last May. As the summer transfer window draws to a close, the battle for Lookman heats up between these two Premier League clubs.