Napoli and Roma want to sign Arsenal defender Sead Kolasinac, Sky Sports News understands.
Napoli - now under the management of Gennaro Gattuso - are said to be keen on bringing the Bosnia-Herzegovina left-back to the club next month.
Roma, however, are understood to interested in a deal next summer when they look into replacing the out-of-contract 34-year-old Aleksandar Kolarov.
Kolasinac has two-and-a-half years left to run on his Gunners contract and has made 14 appearances this season.
He was first choice under previous boss Unai Emery but it remains to be seen whether that will be the case under new head coach Mikel Arteta, who takes charge first the first time at Bournemouth on Boxing Day.
Arsenal could do business in January as they look to move back up the Premier League table, and are considering a January move for Bayer Leverkusen forward Kevin Volland.
How to follow the January transfer window
Sky Sports will bring you the very latest news from the January transfer market with the return of three shows.
Start your day with Good Morning Transfers at 9am as our team of reporters bring you the latest news and insight. Transfer Talk then follows at midday delivering analysis of the biggest stories. Then join us at 7pm for the definitive round-up of the day's news with The Transfer Show.
Meanwhile, the Transfer Talk podcast will also be back at the turn of the year with more expert analysis from here and across the continent.
And as well as tuning into Sky Sports News, don't miss a thing with our dedicated Transfer Centre blog.