Chelsea are lining up a shock swoop for Arsenal's Theo Walcott as the England winger stalls on signing a new deal, according to the Daily Mail.
The 23-year-old, who played a bit part role at Euro 2012, has just a year left on his contract.
That has alerted Premier League rivals Chelsea who have joined the race for his signature along with PSG who are lining up a £8million bid for Chelsea captain John Terry.
Despite the controversy over his selection, Terry impressed during his four appearances for Roy Hodgson's side this summer.
And PSG, managed by former Chelsea boss Carlo Ancelotti, are chasing the 31-year-old after a £45m move for AC Milan's Thiago Silva fell through.
Walcott was their star performer in their 3-2 win over Sweden in the Euros but was prone to injury.
Nevertheless, Arsenal are in danger of losing both Robin van Persie and Walcott who have just a year left in their contracts.
Gunners manager Arsene Wenger may be doing everything at his disposal to keep their talismanic captain Van Persie who is set to become the highest-paid Arsenal players if he decides to stay on.
Wenger has for some time now been preparing for life without Robin Van Persie who has been heavily linked with a move to Manchester City.