Report: Marquee Liverpool transfer under fresh threat as Arsenal line up audacious hijackA report on Saturday has indicated that Liverpool could be at risk of seeing a direct Premier League rival hijack their plans to sign a prominent transfer target.On Friday, it briefly seemed as though the Reds had finally made a significant breakthrough in their well-publicised pursuit of Bradley Barcola when Portuguese reporter Pedro Almeida claimed that a move for the Paris Saint-Germain forward was a done deal and a fee had been agreed between the two clubs.However, the more trusted Fabrizio Romano subsequently claimed that club-to-club talks were still ongoing and that an agreement was some way off, and it now seems that the Merseysiders could have fresh competition for the 23-year-old.Arsenal contact Barcolas campAccording to Graeme Bailey forTEAMtalk, Arsenal have made contact with Barcolas representatives and are now firmly in the conversation to snap up the PSG attacker, in whom Liverpools interest is indeed genuine.The stance from Paris is that theyve yet to receive a firm offer for the France international, who they value at 128m, and the Gunners are prepared to consider a significant investment for attacking reinforcements in the final weeks of the transfer window.The Reds have done the most groundwork up to now and are still believed to be in pole position for the player, but the threat from north London has made things far from straightforward.Want more Empire of the Kop coverage? Add us as apreferred source on Googleto your favourites list for news you can trustNo need for Liverpool to panicfor nowThe wording of this report would suggest that Liverpool fans dont need to unduly panic just yet, but the more time that elapses without Barcola moving to Anfield, the more that fears will grow over a potential hijack from Arsenal.The one line which could prompt worry among Kopites is the Gunners apparent readiness to make a significant investment, which hints that theyd be prepared to go all-out to gazump the Reds for the PSG forward.The Merseysiders could be faced with a massive dilemma they wont want to be bullied into paying more than what they believe the 23-year-old is worth, and rightly so, but that also comes with the risk of being outbid by Mikel Artetas side.The sight of the Premier League champions strengthening their ranks with a player Liverpool have so openly coveted would sting for LFC fans, especially when were on the cusp of a season in which well be striving to reel in the north Londoners after the clubs contrasting fortunes last time around.At present, it appears as though the transfer race could be decided by which of the two English giants is prepared to put more money on the table for Barcola, and whether PSG would be willing to accept any such offers from either Anfield or the Emirates Stadium.