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Arsenal have lock horns with Liverpool in the pursuit of the Bordeaux attacker, who is set for a big summer move.
The Daily Mail reports that the Merseysiders are following the 21-year-old Brazilian closely and view him as someone who could develop into a big star in years to come.
The Ligue 1 side are aware they could fetch as much as €50 million for his services, which in turn would help the mid-table outfit strengthen significantly in other areas for next season.
Malcom, who started his career at Corinthians, has been impressive this term and is likely to feature in the World Cup with his country this summer.
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