Luis Suarez's odds to leave Liverpool have shortened from 4/11 to 1/3 following reports Arsenal have had a £30million bid rejected.
Various sources on Monday morning suggest the Gunners have turned their sights to the Uruguayan striker after their move for Real Madrid's Gonzalo Higuain failed to materialise.
Madrid remain Sky Bet's 11/8 favourites to sign Suarez, who has signalled his intent to leave the English game, while Arsenal are available at 5/1 to complete the deal in the current transfer window.
Sky Bet football trader Chris Spicer said: "We're keeping a close eye on Suarez's market due to today's reports, but the influx of bets we've been braced for is yet to take off somewhat.
"We've seen a little money on Arsenal this morning, but not enough to move from 5/1, though we have shortened his price to leave Liverpool as it appears Arsenal are genuine contenders."