Arsenal's Alex Oxlade-Chamberlain has turned down a move to Chelsea after the Premier League clubs agreed a £40m fee.
Oxlade-Chamberlain believes the Blues planned to use him at wing-back, and his primary reason for wanting to leave Arsenal is to play in central midfield.
The 24-year-old England international wants to move to Liverpool and the Anfield club are interested in a deal.
A bid is expected before Thursday's transfer deadline, although it will be short of the £40m Chelsea offered.
Should a move not transpire, Oxlade-Chamberlain will see out the final year of his contract before potentially leaving on a free transfer next summer.
Arsenal want any deal for the former Southampton midfielder completed as quickly as possible.
Oxlade-Chamberlain has started every game for the Gunners so far this season, including Sunday's 4-0 defeat at Liverpool, when he was substituted.
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Chelsea manager Antonio Conte had made it clear he wanted to add further to his squad before the transfer window closes on Thursday.
Oxlade-Chamberlain has made 198 appearances for Arsenal since joining them from Southampton in August 2011.