Maxi Arajo offered to Arsenal and LiverpoolMaxi Araujos representatives are sounding out Premier League interest, but Sporting remain determined to keep hold of one of their key players.Photo by Alex Pantling/Getty ImagesArsenal have again been linked with Maxi Arajo, after reports in Portugal claimed the Sporting CP wide player has been offered to both the Gunners and Liverpool as his representatives explore the possibility of a move to the Premier League.Arajo has reportedly been admired by leading English clubs since last season and, according to reports, his representatives have informed Arsenal and Liverpool that the Uruguay international is keen to play in England and would be open to a transfer.According to The S*n, the players agents have taken advantage of interest generated by his performances last season, along with his displays at the World Cup, where he scored twice and registered an assist despite Uruguay failing to progress beyond the group stage.Correio da ManhaThe report claims Arsenal and Liverpool are now assessing the opportunity of signing the left back.While suggestions in England have indicated Sporting could be willing to negotiate for around 60 million, reports in Portugal paint a different picture.The club reportedly regard Arajo as an essential part of their plans and would only contemplate a sale for a figure much closer to his 80 million release clause.Photo by Molly Darlington/Getty ImagesSporting are also understood to be working to secure the 26-year-olds long-term future.Reports state the Portuguese champions have proposed extending his contract by a further year, until 2030, while tripling his salary to around 2 million net per season, which is a little less than what Arsenal already pay 16-year-old Max Dowman.It is also claimed the player has accepted those terms after receiving assurances that the club would be prepared to facilitate a future transfer for a fee below his release clause, similar to the arrangement that preceded Morten Hjulmands departure.Any move, however, is expected to depend on whether interested clubs are prepared to meet Sportings valuation.You might also remember Arajo from Arsenals game against Sporting in the Champions League last season.While reports in Portugal claim his performance impressed the Arsenal management, Arsenal fans remember him setting a competition-high foul count without ever getting booked.He was the first defender this decade to commit seven or more fouls without a yellow card.Photo by Justin Setterfield/Getty Images