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Arsenal star Alex Oxlade-Chamberlain will cost Liverpool £40m plus £1 as North London club set their price

Gunners famously had a bid of the same price rejected by Reds for Luis Suarez in 2013 but are now in the driving seat

Arsenal will demand £40million plus £1 from Liverpool for Alex Oxlade-Chamberlain.

The Reds lead the chase for the England ace, who is yet to commit his future to the Gunners.

Arsenal will demand a fee of £40m plus £1 for Alex Oxlade-Chamberlain

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Arsenal will demand a fee of £40m plus £1 for Alex Oxlade-Chamberlain

Alex Oxlade-Chamberlain has emerged as a top Liverpool target

Rex Features
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Alex Oxlade-Chamberlain has emerged as a top Liverpool target

The Anfield club famously rejected a bid of £40m plus £1 from Arsenal for Luis Suarez in 2013.

But the North London side are now in the driving seat and look ready to assert themselves over their Premier League rivals.

Despite Arsene Wenger saying Oxlade-Chamberlain, 24, was not for sale this summer, Arsenal have had to review their position as a number of contract offers have been met with silence.

Ox told Wenger he was happy to stay and sign a new long-term deal last season.

But much like with Mesut Ozil and Alexis Sanchez, the player has not put pen to paper.

There is an understanding that Oxlade-Chamberlain’s representatives have been difficult to work with, and the advice given may be the catalyst behind his change of heart.

Jurgen Klopp's Liverpool will need to pay a bizarre price to land Alex Oxlade-Chamberlain

AFP or licensors
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Jurgen Klopp’s Liverpool will need to pay a bizarre price to land Alex Oxlade-Chamberlain

Liverpool famously rejected Arsenal's £40m plus £1 bid for Luis Suarez in 2013

Action Images - Reuters
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Liverpool famously rejected Arsenal’s £40m plus £1 bid for Luis Suarez in 2011

Arsenal risk losing their top stars, with eight players out of contract next summer and a further nine the following year.

Ox has bags of potential and has shown flashes of brilliance, but has never nailed down his position in the side due to form and injury.

England international Alex Oxlade-Chamberlain wants to leave Arsenal

Rex Features
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England international Alex Oxlade-Chamberlain wants to leave Arsenal

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There is a feeling, however, that under new management and with an injury-free run of games, he may reach his potential.

Regardless of that, Arsenal will have to put their business hat on when dealing with Ox between now
and the end of the window.

Arsenal are desperate to hold onto Oxlade-Chamberlain and will try and convince him to sign a new deal.

But if one cannot be reached they may withdraw him from this weekend’s squad to face Liverpool completely, and will open talks with both them and Chelsea.