Arsenal are working with a reduced transfer budget after missing out on Champions League football while Tottenham look set to break the bank with several big name deals.
The north London rivals could go head-to-head for Barcelona forward Malcom next month, with the Spanish Champions set to offer the two Premier League clubs a cut-price deal.
Barcelona are keen to bring PSG forward Neymar back to the club this summer, and not only will they been keen to raise funds, but limits on non-EU players could force them to sell a first-team regular.
Spanish outlet AS have claimed that Arsenal and Tottenham are among several clubs that will be offered a chance to sign Barca’s Brazil youth international.
The report has revealed that Malcom would prefer a move to Borussia Dortmund, but the Catalan giants think they can receive a higher fee from an English club.
The 24-year-old joined Barcelona for an initial fee of £37million (€41m) last year.
Malcolm made a respectable 24 appearances in all competitions during his debut season in Spain, but has failed to nail down a first-team spot and is therefore considered surplus to requirements by boss Ernesto Valverde.
The former Bordeaux and Corinthians attacker has scored 37 goals in his 190 senior club appearances, and could provide a threat from the Arsenal or Tottenham bench next season.
Spurs fans were left shocked last week when Mauricio Pochettino hit out at the club’s transfer policy by claiming that he never has the final say over incoming and outgoing deals.
“At Tottenham, Chelsea, Arsenal, there’s not the freedom that Pep [Guardiola] and [Jurgen] Klopp have at Manchester City and Liverpool,” he told Spanish broadcaster TV3.
”Pep [Guardiola]has total control of the plan at City. It’s a different model at Tottenham and other clubs.
“Selling players, deciding and offering contracts, buying players – it depends solely on the manager, in the case of Pep or Klopp. “Things aren’t the same at other clubs [like Tottenham].”
When asked who decides on incoming and outgoing deals, Pochettino gave a quick response.
He revealed: ”Our president, Daniel Levy. It’s not in my power.”
When questioned whether Levy could go ahead and sell any Tottenham player, even Harry Kane, the 47-year-old admitted he could.
“I will be asked my opinion and of course I love Harry Kane, but the decision is Daniel’s,” he said. “The same situation for [Christian] Eriksen.”