Last summer, Arsenal wanted a win-at-all costs animal of a striker. They failed to land one as their transfer bids to sign Luis Suarez were too frugal and they ended up being accused of chasing the dragon by Liverpool owner John W Henry.
The refusal to considerably enhance their offering appears a retrospective mistake on the part of Gunners boss Arsene Wenger as Suarez's exceptional form has directly boosted Brendan Rodgers' chances of cementing his place in Liverpool lore by landing a long elusive Premier League crown.
The status of each club is also now in contrast to what it was last year. Liverpool had no Champions League football and were not favoured to even break the monotony of the established top four while Arsenal, buoyed by the arrival of record-transfer Mesut Ozil, seemed capable of launching a title challenge.
Now, with three games remaining in the Premier League calendar, it is Liverpool who seem destined for the crown while Arsenal face uncertainty in securing a top four rank and a qualification into next season's Champions League competition.
Should Everton leap-frog Arsenal and deny Arsene Wenger a passage into Europe's premier club competition for the first time in his tenure at N5, then Rodgers may well be wise to exact transfer market revenge on the Emirates Stadium lot.
Not because of spite, no… but because Arsenal possess a hat-trick of players who would significantly bolster the overall quality of the Reds squad.
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Over the course of the season, Aaron Ramsey has developed into an archetypal Premier League box-to-box player. He has a strong understanding of the defensive aspect of the game, has the physical characteristics where he is able to compete with strong opposition midfielders and is a ruthless and deadly attacker when afforded room in the final third.
While Rodgers has shifted Gerrard's on-pitch responsibilities this season, Liverpool and Ramsey would no doubt thrive together.
The Welshman is almost on the ball as frequently as the influential Liverpool skipper, they have a similar passing accuracy and, when looking at how much more Premier League football Gerrard has played, they also make similar contributions per game when it comes to key aspects such as chance creation (providing a goal-scoring opportunity for a team-mate), tackling and clearing.
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Liverpool have also been looking at wide forwards and will no doubt supplement this area of their squad when the summer market opens for trading.
While Arsenal would be loathe to sell Ramsey - even for half of Liverpool's reported £60m transfer budget - they may be more receptive to offers for either Lukas Podolski, who has rarely featured for Arsene Wenger this term despite his goal-scoring prowess, or Theo Walcott, who is a boyhood Liverpool fan and may relish an opportunity to leave for Anfield.
Walcott has a transfermarkt.co.uk valuation of £24.5m and has an attacking efficiency of a goal scored or assist provided once every 85.8 minutes he is on a Premier League pitch. The fleet-forward English forward would continue to develop under Rodgers in a team where fast attacks are key and often fundamental to their early match success at home.
If bids for any of the three Arsenal players were rejected then even Wenger's transfer targets could be at home at Liverpool.
Julian Draxler, for example, would fulfill the role that Podolski could (and is a younger, more wing-happy version) and the gifted German (or many players wanted by both Liverpool and Arsenal) would arguably prefer a switch to Merseyside due to the difference in staying power at the top.
Arsenal have remained top four contenders for a decade. Liverpool on the other hand are going places…