According to Marca (via TEAMtalk), the La Liga giants have decided to cash in on the midfielder after having a change of heart.
Outgoing boss Jurgen Klopp revamped the Liverpool midfield last summer after the departure of Jordan Henderson and Fabinho.
Liverpool need a replacement for Thiago, and are keen on a move for Pedri, with an offer in the region of 51.3m potentially making Barcelona consider selling him.
Arsenal's interest in Pedri seems to align better with his playing style, with the potential transfer seen as a major coup for either club.
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